Oil prices climbed higher as a battle for Libya’s Sidra and Ras Lanuf ports delays crude shipments
Crude oil prices rose over 1% this morning as fighting for one of Libya’s key oil ports delayed shipments out of the country. The Libyan ports of Sidra and Ras Lanuf changed hands twice over the weekend, preventing oil shipments from departing, and raising concerns over whether or not the OPEC member will be able to increase exports as quickly as it had hoped.

Last week, Libyan officials said they hoped to resume crude sales from Ras Lanuf and...


Legal Notice