Italy’s Eni & Other Oil Producers Try to Ride Out Libya Chaos

February 26, 2015

Alessandro Bruno

Bouri_NC_41_DP4_platform, an Eni off-shore platform in the Mediterranean. cc wikicommons

 

The oil market remains cautious but crude prices have risen over the past few days in response to expectations of higher demand due to a more optimistic economic outlook and to further disruption of production in Libya. At time of writing, a barrel of Brent North Sea for April delivery was worth $59.41 on the Intercontinental Exchange (ICE) in London, up 51 cents from Monday’s close.

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