Oil prices fall on ample supply, despite Libya disruptions
Most of Libya’s oil export capacity is under force majeure but any disruption can be offset by Opec output
21 January 2020 - 13:55
London — Oil prices fell more than 1% 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 was down 92c at $64.28 a barrel by 10.16am GMT, having risen to its highest in more than a week on Monday. US West Texas Intermediate (WTI) crude was down 59c at $57.95...
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