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Futures Movers: Oil prices get a boost from Libya supply issues

Oil prices rose Monday, supported by reports of supply disruptions in Libya over the weekend as traders weighed comments from the International Energy Agency on U.S. production and global demand growth.

On the New York Mercantile Exchange, April West Texas Intermediate crude CLJ8, +2.14% rose $1.43, or 2.3%, to $62.68 a barrel. May Brent crude LCOK8, +1.85% the global oil benchmark, was up $1.39, or 2.2%, at $65.76 a barrel on London’s ICE Futures exchange.

Reports over the weekend that Libyan production fell by around 380,000 barrels a day helped the markets recover some of last week’s losses.

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