Crude Slips From Near Two-Month High Amid Limited Volumes
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West Texas Intermediate crude slipped from near its highest closing level in two months and Brent declined for the first time in four days, amid trading volumes that were about half their average level.
WTI declined after settling above $100 a barrel on Dec. 27 for the first time since Oct. 18, following larger-than-expected declines in U.S. crude and product inventories reported by the Energy Information Administration. Libya resumed production from the Messla field, the country’s National Oil Corp. said on its website. A possible agreement with rebels to reopen the nation’s port of Hariga collapsed, the oil ministry said Dec. 28.