Monday, December 2, 2024
Oil market shrugs off Libya crisis-oil and gas 360

Oil market shrugs off Libya crisis

Reuters LONDON (Reuters) – Oil prices fell more on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya’s crude production to a trickle. Brent crude LCOc1 was down 37 cents at $64.83 a barrel by 1450 GMT, having hit a session low of $64.06. U.S. West Texas Intermediate crude CLc1 was down