Meanwhile, Libya's major western oilfields, El Sharara and El Feel, remained shut a week after the government said it reached a deal with protesters to reopen them. Heavily armed men stormed the parliament in Libya's capital of Tripoli on Sunday and demanded its suspension, causing Saudi Arabia to close its embassy and the Algerian state energy firm Sonatrach to order its 50 workers to leave the country on Monday. "Libya helped propel the market last night but fell off this morning," said Tariq Zahir, an analyst at Tyche Capital Advisors in New York.
05-20-2014, 03:06 PM
U.S. oil prices rally on weak dollar, contract expiration
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