Oil futures end higher on Brazil, Libya disruptions

Oil futures finished with solid gains Tuesday, pushing Brent futures back above $50 amid concerns over supply disruptions in Libya and Brazil as traders awaited weekly crude-oil inventory data.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ5, -0.42%  rose $1.76, or 3.8%, to end at $47.90 a barrel. December Brent crude LCOZ5, -0.34%  on London’s ICE Futures exchange rose $1.75, or 3.6%, to settle at $50.54 a barrel.

Libya’s National Oil Co. said the country’s oil production will drop by around 70,000 barrels a day to less than 400,000 barrels a day after the export terminal of Zueitina was blocked by an armed militia, The Wall Street Journal reported.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my