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Oil prices fall as Libyan field resumes production

Reuters  |  TOKYO 

By Aaron SheldrickTOKYO (Reuters) - Oil prices slipped in Asian trading on Tuesday following a recovery in output at Libya's largest oil field and as doubts about OPEC-led production cuts continue to drag.Global benchmark Brent crude futures were down 11 cents, or 0.2 percent, at $52.26 a barrel at 0629 GMT, after dipping 0.1 percent in the previous session.U.S. crude futures were down 7 cents, or 0.1 percent, at $49.32 a barrel, having fallen 0.4 percent on Monday.Production from Libya's 270,000 barrels-per-day (bpd) Sharara field was returning to normal after a brief disruption when armed ...

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First Published: Tue, August 08 2017. 12:24 IST