A worker collects a crude oil sample at an oil well operated by Venezuela's state oil company PDVSA in Morichal, Venezuela, on July 28, 2011. (Carlos Garcia Rawlins/Reuters)Oil Rises as Investors Focus on Lower Supply From Russia, LibyaLONDON—Oil prices rose on Thursday amid concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports days after diminished supplies from Libya rocked the market. U.S. West Texas Intermediate (WTI) crude futures gained 81 cents, or 0.8 percent, to $103 a barrel. “Global supply capacity for oil remains limited,” UBS said in a note. Meanwhile, the Caspian Pipeline Consortium’s Black Sea terminal could return to full capacity this week, Kazakh Energy Minister Bolat Akchulakov said on Wednesday.

Source: Libya Today April 21, 2022 13:36 UTC