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Oil prices slip over fading supply concerns
Jan. 21, 2020
Source: Reuters

Oil prices slip over fading supply concerns

Oil prices slipped in the international market on Tuesday, as investors shrugged off the supply concerns over tensions in Libya. Brent crude LCOc1 dipped down 0.5%, to $64.90 per barrel. US WTI crude futures CLc1 were traded 0.2% lower, at $58.40 a barrel. Libya's state-run National Oil Corporation (NOC) is said to have declared force majeure on crude loadings from El Sharara and El Feel oilfields in Libya’s southwest.

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