Oil prices up slightly, balanced by Libyan risk and trade

Libyan oil production challenges continue as analysts worry about the balance between supply and demand in the second half of the year, though trade concerns could dampen momentum.

Concerns about global trade tensions were balanced against national security concerns for OPEC-member Libya to lift crude oil prices higher early Tuesday.

Libya's National Oil Corp. said Tuesday there were concerns about oil exports with military action on ports. Derek Brower, the head of research at risk consultancy Petroleum Policy Intelligence, said military action was a "shocking move" that could divide the country.

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