Oil prices rise on Libya concerns

SINGAPORE: Oil prices rose in Asia Tuesday on growing concerns about lawlessness in crude-producer Libya as an top military unit joined a renegade general´s bid to quash Islamists and edged the...

AFP

May 20, 2014

SINGAPORE: Oil prices rose in Asia Tuesday on growing concerns about lawlessness in crude-producer Libya as an top military unit joined a renegade general´s bid to quash Islamists and edged the country closer to civil war.

The US benchmark, West Texas Intermediate (WTI) for delivery in June, rose two cents to $102.63 in mid-morning trade, while Brent North Sea crude for July rose eight cents to $109.45.