Oil prices rise on Libyan output disruption
Xinhua, March 28, 2017 Adjust font size:
Oil prices rose Tuesday after reports showed Libyan oil production was disrupted, tempering concerns about the global supply glut.
The West Texas Intermediate for May Delivery added 0.64 U.S. dollar to settle at 48.37 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 0.58 dollars to close at 51.33 dollars a barrel on the London ICE Futures Exchange. Endit