Oil futures rose Thursday, building on a strong start to 2022, as traders worried about unrest in Kazakhstan and production outages in Libya. March Brent crudeBRN00,+1.87%BRNH22,+1.87% ,the global benchmark, was up $1.85, or 2.3%, at $82.65 a barrel on ICE Futures Europe. The Energy Information Administration said natural gas in storage last week saw a withdrawal of 31 billion cubic feet. Analysts surveyed by S&P Global Platts, on average, had expected a withdrawal of 50 billion cubic feet. The five-year average withdrawal for this time of year is 108 billion cubic feet, noted Christin Redmond, commodity analyst at Schneider Electric, in a note.

Source: Libya Today January 06, 2022 18:08 UTC