WTI Steady Near One-Month-Highs After API Reports Big Crude Draw | ZeroHedge
Oil prices ended the day marginally down from one-month-highs, amid some notable swings intraday, after Libya recently restarted production at its largest oil field.
The pullback in prices came "in conjunction with no new developments in the Red Sea and the opening of Libya's largest oil field," said Rania Gule, market analyst at XS.com.
Ongoing tensions in the Middle East and weather-related oil production disruptions in North Dakota also remain top of mind for traders (more…)