WTI oil prices pared gains, despite more upset in Libya, which served to prop up Brent prices and renew the widening action of the Brent-WTI spread. Libya is like a flirt to the market, enticing the bears with the allure of restoring oil flow, only flit away as security conditions break down within hours or days of announced deals to whack up the oil revenue.
Energy Overview — TotalView™ of the Energy Markets