Brent crude for May delivery fell as much as $1.32 to $105.40 a barrel on ICE Futures Europe. U.S. crude-oil futures were down 53 cents at $100.61 a barrel on the New York Mercantile Exchange. Over the weekend, the Libyan government came to an agreement with other factions in the country that four oil terminals in the east of the country will be gradually re-opened. Two terminals with a combined export capacity of 200,000 barrels per day will open immediately. Commerzbank said that “this solution…falls short of last week’s hope that all oil terminals might be opened within a matter of days.” The re-opening of two larger ports is subject to further talks. “We thus expect oil prices to recover during the course of this week,” Commerzbank said. Morgan Stanley’s analysts also said that optimism could quickly fade. “We are skeptical of any interim, let alone long-term, agreement. Some […]