Oil steady above $47, latest Libya hitch supports

Oil steady above $47, latest Libya hitch supports

Oil prices steadied above $47 a barrel on Tuesday helped by a new Libyan supply disruption but concerns over a global glut of crude and refined fuel capped gains.

A protest over wages that shut the eastern Libyan oil terminal of Hariga forced the operator of the Sarir field to suspend production of 100,000 barrels per day. Read more

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