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.