LONDON - Oil prices fell in choppy trade
on Monday as reassurances from Saudi Arabia that extra supplyconsole.log("catid body is "+catID);if(catID==120){document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(catID!=69 && catID!=2){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }needs could be met were tempered by Bank of America MerrillLynch warning that Libyan output could be reduced for months.International Energy Agency chief economist Fatih Birol told
Reuters Insider TV industry reports indicated around half ofLibya's production of 1.6 million barrels per day (bpd) had beencut, although other estimates had put the figure atthree-quarters.Brent futures for April were 2 cents lower at $112.12 a
barrel by 14:06 GMT. US crude was down 40 cents at $97.48 abarrel. Both benchmarks posted their highest weekly close intwo-and-a-half years last week.
