Oil hits new 2015 high as Libya output slowsBrent crude oil hit a high for the year above $67 a barrel on Tuesday after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. Zueitina was one of the few Libyan ports still exporting oil a More… |
Oil climbs over Mideast, US supply concernsOil rose above $107 a barrel on Tuesday after five straight declines supported by doubts about a recovery in Libyan output, fighting in Iraq and as cold weather across the central US threatened production. Libya's navy opened More… |
Merrill sees possible oil fall on Libya outputBank of America Merrill Lynch said on Tuesday oil may correct sharply lower later this year if Libya starts producing again and the dollar soars, taking a polar view from peers which expect the oil rally to accelerate. Goldman Sachs, which More… |