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Oil pares gains on Norway, Libya supply disruptions

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices rose on Tuesday on growing supply disruptions in Norway and Libya, but gains were pared after the United States said it would consider requests for waivers from Iranian oil sanctions.Brent crude futures rose by 64 cents to $78.71 per barrel by 11:38 a.m. EDT (1538 GMT). Earlier, the global benchmark hit a session high of $79.51.U.S. crude futures were up 13 cents at $73.98, after hitting a high of $74.70.Earlier in the session, prices had been within striking distance of the four-year highs, said Bob Yawger, director of energy futures at Mizuho. ...

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First Published: Tue, July 10 2018. 21:33 IST