News Headline Summary
Both Brent and WTI edge higher, with WTI crude futures breaking above the USD 104/bbl level, up around USD 1.00 gaining on digestion of recent Libyan news...
- Oil markets appear to be supported by recent news that Libyan oil production has been reduced to 330,000 bpd from the recent level of 800,000 bpd, following the shutdown of several key ports in the country.
- However, given that both Brent and WTI have seen upside of late, the WTI-Brent spread remains around USD 2.70.
- For the initial headline, please refer to the headline at 1549BST/0949CDT.
31 Jul 2013 - 23:06
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