Business

Oil rescued from price lows by Libyan supply disruption

Oil rose on Tuesday, after Libya said loadings of crude at a key port had been suspended, offseting an earlier dent to the price caused by evidence of the inexorable growth in US oil output.

All loadings at the Libyan oil export port of Zawiya, which exports crude from the 308,000-barrel per day El Sharara field, have stopped due to a strike, a Libyan website said.

Brent crude futures LCOc1 were last up 11 cents on the day at $65.06 a barrel by 1017 GMT, up from an earlier low of $64.67, while US West Texas Intermediate (WTI) crude futures CLc1 were up 17 cents at $61.53 a barrel.

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Oil rescued from price lows by Libyan supply disruption

Oil rose on Tuesday, after Libya said loadings of crude at a key port had been suspended, offseting an earlier dent to the price caused by evidence of the inexorable growth in US oil output.

All loadings at the Libyan oil export port of Zawiya, which exports crude from the 308,000-barrel per day El Sharara field, have stopped due to a strike, a Libyan website said.

Brent crude futures LCOc1 were last up 11 cents on the day at $65.06 a barrel by 1017 GMT, up from an earlier low of $64.67, while US West Texas Intermediate (WTI) crude futures CLc1 were up 17 cents at $61.53 a barrel.

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‘জাতিসংঘ সনদের অধিকারবলে’ ভারতের আগ্রাসনের জবাব দেবে পাকিস্তান

তবে ভারত উত্তেজনা না বাড়ালে পাকিস্তান কোনো ‘দায়িত্বজ্ঞানহীন পদক্ষেপ’ না নেওয়ার প্রতিশ্রুতি দিয়েছে।

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