Crude oil gained supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies.
Saudi Arabian oil minister Khalid al-Falih said the country’s crude production in January-March would be well below output caps, with exports averaging below 7 mbpd.
Libya’s National Oil Corp said it had declared force majeure on the 70,000 bpd El Feel oilfield after a protest by guards closed the field.
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