Oil prices were little changed on Monday, as traders weighed renewed violence in Libya and uncertainty over nuclear talks with Iran against broader signs of a global market well-supplied with crude.
North Sea benchmark Brent closed at its lowest in three months last week as easing tensions in Libya and Iraq mitigated fears of supply disruptions. But Brent prices perked up a bit on Monday as violence flared anew.
In Libya, fighting broke out between rival militias vying for control of the main airport on Sunday, killing at least seven people in the worst violence in the capital for six months. Meanwhile, protesters have shut down production at the eastern Libyan oil port of Brega, state firm National Oil Corp (NOC) said on Saturday. No timetable was disclosed for resuming operations at the 43,000-barrel-per-day facility.