North Sea Brent crude oil futures prices gained Friday amid continuing worries over reduced Libyan supplies and signs that the embargo on Iran’s oil exports won’t be lifted soon. ICE Brent crude oil for January delivery topped $111 a barrel, a level it hasn’t settled above since mid-October as labor unrest in Libya keeps crude oil output at only about one-third of typical levels of 1.6 million barrels a day. Analysts said Brent prices also were supported by indications that ongoing talks between major world powers and Iran won’t soon result in a lifting an embargo that has cut the country’s output by about one million barrels a day. Iran’s Foreign Minister Mohammad Javad Zarif was quoted citing unspecified progress in the […]