Oil futures surrendered early gains on Tuesday, brought on by supply disruptions in Libya, to finish with a loss. Prices for the front-month contract ended Tuesday at the lowest since June 6, according to Dow Jones Market Data. BRNQ22, the global benchmark, lost $1.10, or 0.9%, at $121.17 a barrel on ICE Futures Europe, the lowest finish since June 7. A revival of the deal would lead to more oil from Iran on the global market. Flynn, however, said the news was more likely to send oil prices higher.

Source: Libya Today June 14, 2022 16:33 UTC