A tanker in the Libyan port Hariga was not loaded with supplies due to demonstrators causing obstruction, spokesman Mohamed Elharari with National Oil Corporation told the news source. The Zawiya refinery was shuttered for more than 24 hours also on account of disruptions caused by protestors.
"As long as there are protests in Libya and no resolution to the dispute between Iran and the West, Brent is going to have a bid while WTI lags," market research director Addison Armstrong with Tradition Energy in Stamford, Connecticut told the news source on Wednesday.
At 11:15 a.m. on Wednesday, West Texas Intermediate crude oil futures rose 1.34 percent, a $1.25 lift to $94.29 per barrel. At 11:16 a.m., Brent crude oil futures advanced 1.15 percent, a $1.22 increase to $107.03 per barrel.
Reuters reports economists it polled projected supplies of crude oil climbed by 1 million barrels last week in the U.S., which is the globe's biggest consumer of the energy commodity.
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