Crude rises on North Sea and Libya issues


(MENAFN- ProactiveInvestors - Australia) West Texas Intermediate crude rose following North Sea production disruption and Libya shutting its biggest oil export terminal. WTI crude oil for September delivery tacked on 0.1 to end at $106.11 a barrel in floor trade at the New York Mercantile Exchange. Brent crude gave back less than 0.1 percent to $108.95 a barrel. In Libya, a strike by security guards reimposed a shutdown on two of the North African country's biggest crude export terminals on Monday, Reuters reported. Japan, the world's third-largest oil consumer, reported annualized gross domestic product expanded 2.6 percent in the second quarter. That was well below expectations of 3.6 percent growth in a Dow Jones Newswires survey of analysts. Other energy markets Elsewhere in energy, September gasoline skidded less than half a cent to $2.90 a gallon, and September heating oil lost three cents to $2.99 a gallon. Natural gas for September delivery rose 2.3 percent to $3.30 per million British thermal units.


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