Oil prices rise after news from Libya

Oil prices returned to intraday trading today after news from Libya, an OPEC member, of widespread disruptions in the supply of crude oil from the country.

By 15:20 Moscow time, futures for US West Texas Intermediate oil rose 2.8% to $108.72 per barrel.

Brent futures rose 2.99% to $112.29 a barrel, according to Bloomberg.

The growth occurred after the decline in prices for black gold at the beginning of trading on Friday, as investors feared a decrease in global demand for oil.

Source: Prime + Bloomberg.

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