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Oil rises over 1% as Libya outages add to Russia supply fears

On April 19, 2022
By editor | 0 Comments

Oil prices rose more than one percent on Monday, with Brent crude topping $114 a barrel, as outages in Libya deepened concern over tight global supply amid the Ukraine crisis.

Brent crude, the global benchmark, rose $1.46 or 1.3 percent to settle at $113.16 a barrel. The contract rose to $114.84 a barrel, its highest since March 28. US West Texas Intermediate rose $1.26 or 1.2 percent to settle at $108.21 a barrel. The benchmark hit $109.81 a barrel, also the highest since March 28.
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