London: Oil fell towards $65 a barrel on Tuesday, pressured by the restart of Libya’s biggest oilfield and on expectations for an increase in US crude inventories.
Some wells at Libya’s El Sharara oilfield have restarted and the aim is to reach initial output of 80,000 barrels per day, a field engineer said on Tuesday. The field had been closed since December.
Brent crude, the international benchmark, fell 62 cents to $65.05 a barrel as of 0930 GMT. US West Texas Intermediate crude slipped 44 cents to $56.15.
