Oil market shrugs off Libya crisis amid ample global supply - News Daily

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Tuesday, January 21, 2020

Oil market shrugs off Libya crisis amid ample global supply

By Jessica Resnick-Ault NEW YORK (Reuters) - Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from record U.S. production, would be able to absorb disruptions that have cut Libya's crude production to a trickle. Brent futures settled down 20 cents at $64.59 a barrel.

The post Oil market shrugs off Libya crisis amid ample global supply appeared first on Firstpost.



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