Crude oil recovered on fears of cutting supplies from Libya



Crude oil recovered on fears of cutting supplies from Libya

Dec 29 2014

 

US crude oil recovered slightly on Asian market on Monday  to trade above $ 55 per  barrel after incurring a wave of losses, the Brent oil also rose for the first time in three days above $ 60  per barrel on fears of cutting supplies from Libya crashes amid escalating tensions on the export of Libyan oil ports.

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