Oil Prices Hit $104 On New Supply Scare ...Middle East

Oil prices rose early on Monday, extending gains from Friday, as supply took center stage on the market with potential new production cuts from OPEC+ and deadly clashes in Libya which renewed concerns about Libyan oil exports.  As of 11:45 a.m. ET on Monday, WTI Crude was up by 2.98% at $96.04. The international benchmark, Brent Crude, traded at $104, up by 2.98% on the day.   Brent returned above the $100 per barrel mark last week and has traded above that threshold for most of the past five days, after Saudi Arabia’s Energy…

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