Oil surges on disruptions in Kazakhstan and Libya

The price of a barrel of crude is up Monday as the market worries about supply disruptions due to Kazakhstan and Libya.

Photo: Andrea De Silva/Reuters/Ritzau Scanpix

Crude oil prices increase Monday on concern over supply disruptions in Kazakhstan and Libya, Reuters reports.

A barrel of European reference oil Brent costs USD 81.88 against USD 81.74 Friday afternoon, with US benchmark WTI concurrently trading at USD 79.06 against USD 78.90.

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