OIL PRICES EASED WITH INVESTORS DROPPING OIL SUPPLY CONCERNS

Highlights

• Libya’s declaration of force majeure
• Oil prices eased

According to a Reuters report, Libya’s National Oil Corp declared force majeure on crude loadings from the Sharara and El Feel oilfields.

On Tuesday, oil prices eased as the market investors gave up concerns over oil supply, after Libya’s declaration.

On Monday oil prices were tr....