Crude held steady in choppy trading on Thursday as abundant supply and a strong U.S. dollar largely outweighed worries conflict in the Middle East disrupting output.
Libya's oil output has climbed to 925,000 barrels per day (bpd), with the major El Sharara oilfield at 200,000 bpd, an official with the National Oil Corp said on Thursday, despite fighting between the factions that divide the country and a government driven from the capital.
The dollar hit a four-year high as the yield difference between U.S. and German bonds widened to the highest in nearly 15 years on Thursday, while global equity markets fell sharply as the stronger dollar pointed to potential earnings losses.
Brent crude was modestly higher near $97 a barrel, after hitting its lowest since July 2012 at $95.60 on Wednesday. U.S. crude , also known as West Texas Intermediate (WTI) ended down 27 cents at $92.53.