Crude-oil futures rose in Europe Tuesday, bouncing after the previous session’s slump. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at $96.70 a barrel in morning European trade, up $0.29 on the day. October Brent crude on London’s ICE Futures exchange rose $0.22 to $101.82 a barrel. Oil prices fell to 14-month lows on Monday amid concern over rising supply in Libya. Oil production in the country has been held well below capacity in recent months due to labor unrest and port closures. However, exports are now increasing, and the state-owned National Oil Co. is planning to restart exports at the country’s largest oil port, Es Sider, this week. Despite steadying Tuesday, oil prices look likely to remain in a downward trend, analysts at Commerzbank said. Oil “is still under pressure from a combination of factors: plentiful supply, a lack of supply […]