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Business / Energy

Oil prices rises to $55.47

Published: 20 Dec 2016 - 01:03 am | Last Updated: 02 Nov 2021 - 03:56 am

Agencies

Oil prices rose yesterday as a weaker dollar and the delay of new Libyan oil exports boosted benchmarks, amid expectations of tighter crude supply going into 2017.
Brent crude futures traded at $55.47 per barrel at 0946 GMT, up 26 cents from their last close. US West Texas Intermediate (WTI) crude futures were up 30 cents at $52.20 a barrel. Analysts said the increases were driven by a delay in crude oil supplies from Libya.