* Libyan air strike hits near oil terminal
* Libya's NOC chairman says oil could rise above $130
* Libyan oil output falls further amid clashes in east
* EIA data shows Cushing stocks up over 1.1 mln barrels
(Recasts, updates prices, market activity)
NEW YORK, March 2 (Reuters) - Oil prices jumped to near 2-1/2 year highs on Wednesday after an airstrike near Libya's oil infrastructure kept the market braced for a prolonged disruption from the OPEC nation and worried unrest might spread to other regional producers. Fresh airstrikes hit Brega, about 2 kilometers (1.2 miles)from a Libyan oil terminal, after embattled leader Muammar Gaddafi launched a land and air offensive to retake territory in Libya's east. The reprisal sparked calls from rebels for foreign airstrikes on African mercenaries they said were helping him stay in power.
"It looks like an attack fairly close to what is one of Libya's largest storage and export terminals," said Andy Lebow, trader at MF Global in New York "It's hard to say if the Libyan government is trying to target oil infrastructure in the east or whether they're just
targeting rebel-held areas, but the market's reacting to this threat either way." Gaddafi pledged in a fiery speech before hundreds of supporters he would crush the revolt against his rule. By 12:35 p.m. EST (1735 GMT) Brent crude traded up $1.57 to $116.99 a barrel, off the session high of $117.81. Brent hit a
2-1/2 year high near $120 a barrel on Feb. 24 on the Libyan crisis. U.S. crude futures rose $2.05 to $101.68 a barrel after hitting $102.37. They rose above $103 on Feb. 24. Brent's premium against U.S. crude widened to more than $16, after closing at $15.79 on Tuesday, when the Brent/West
Texas Intermediate spread hit $17.12, a record.
The head of Libya's oil company, Shokri Ghanem, told Reuters the nation's problems could push prices over $130 a barrel if they persist. Libya's normal output of 1.6 million barrels per day had been cut to 700,000-750,000 bpd as most of the industry's foreign workers had taken flight after the crisis began, he said.
Governments in Yemen, Oman, Iran and Iraq have clashed with protestors seeking reforms as popular unrest has spread in the region holding more than 60 percent of the world's oil reserve. Crude pared gains in the morning after the release of U.S. oil inventory data from the U.S. Energy Information Administration showed inventories at the Cushing, Oklahoma,delivery point for the New York Mercantile Exchange's oil futures contract hit a record high. Brimming stocks at the hub have been partly responsible for the wide discount of U.S. crude to Brent in recent weeks. Total U.S. inventories of both crude and refined products fell, however, the EIA report showed.
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