Oil prices subdued amid prospect of oversupply

AFP PHOTO / ALEXANDER KLEIN

Libya's Minister of Oil and Gas Abdel Bari Ali Al-Arousi attends the the 164th OPEC (Organization of the Petroleum Exporting Countries) meeting in Vienna, on December 4, 2013

As Libya plans to reopen oil terminals


KUALA LUMPUR, Malaysia (AP) — Oil prices were subdued Friday amid the possibility of new supplies from the Middle East after a Libyan militia said oil terminals could reopen.

Benchmark U.S. crude for January delivery was down 9 cents to $97.41 a barrel at mid-afternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose 6 cents on Thursday to settle at $97.50. Brent crude, a benchmark for international oils, eased 4 cents to $108.34 a barrel on t...


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