Dec. 11, 2018
Source: Reuters

Oil prices rise but the market remains weak

On Tuesday, oil prices climbed on the back of supply disruption in Libya’s El Sharara oilfield. The National Oil Company of Libya underwent losses the previous day and had to declare force majeure due to the seizure of El Sharara at the weekend by a local militia group. Brent was up by 0.6%, at $60.30 per barrel and WTI rose by 0.4%, at $51.19 per barrel.

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