Singapore — Oil prices rose on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel Opec to raise output continued to act as a dampener. Brent crude futures, the international benchmark for oil prices, were at $74.88 a barrel at 4.33am GMT, up 15c, or 0.2%, from their last close. US West Texas Intermediate (WTI) crude futures were at $68.31 a barrel, up 23c, or 0.3%. Traders said prices were mostly driven up by uncertainty around oil exports by Libya, a member of Opec. Eastern Libyan commander Khalifa Haftar’s forces have handed control of oil ports to a separate National Oil Corporation (NOC) based in the country’s east. The official state-owned oil company based in the capital Tripoli, also called NOC, would not be allowed to handle that oil anymore, he said. In comments later confirmed to Reuters, Ahmed Mismari, spokesman of Haftar’s Libya National Army (LNA), said on TV that no tanker would be allowed to dock at eastern ports without permission from ...
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