Brent, WTI Oil Prices Reverse Decline as Libya Tensions Persist
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Brent crude reversed losses to trade little changed in London amid continued turmoil in Libya and Iraq. West Texas Intermediate was steady in New York after a technical issue disrupted electronic trading.
Futures dropped as much as 0.6 percent in London. Islamist militias seized Tripoli’s international airport in Libya, as political factions struggled to form a new government in war-torn Iraq. CME Group Inc., the world’s largest futures market, halted most of its Globex platform for about four hours, suspending contracts including oil and commodities.