Brent fell to its lowest intraday level in two months following the first increase since March in oil supply from Libya, holder of Africa’s biggest reserves.
Brent slipped for a third day in London to its weakest since Nov. 12. Libya tripled output to about 650,000 barrels a day in the three weeks to Jan. 13 after talks with protesters enabled the restart of Sharara, its second-biggest field, earlier this month, according to the government. West Texas Intermediate advanced for a second day on forecasts that U.S. crude stockpiles declined for a seventh week.
via Bloomberg
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Alfonso Esparza