New York — Oil prices rose nearly 2% on Tuesday after a severe disruption to Libyan oil supplies and on comments from officials suggesting Opec could extend its production cuts deal to the end of the year.
Production at the western Libyan fields of Sharara and Wafa has been blocked by armed factions, reducing output by 252,000 barrels per day (bpd), about a third of production Would you like to comment on this article? Please read our Comment Policy before commenting.
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