Brent crude held above $102 after surging in the previous session as pessimism about weaker demand was outweighed by a surprise drawdown of U.S. inventories and concerns that Libya's largest oilfield could be damaged.
Hopes of an early return of Libyan supplies to global markets after months of war were dashed after Italian oil major Eni said it feared its largest oilfield in the North African nation might be in ruins.
That statement, coupled with a fall in U.S. crude stocks to their lowest since January and hopes Europe would prop up its banking sector, supported oil prices.
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