Rally for crude oil markets continues into the third week in February as exploration and production activity slows in the United States. Photo by John Angelillo/UPI Brent crude oil prices continued their trajectory above the $60 mark, gaining nearly a full percentage point from the previous close to trade near $62 for the April contract. The contract for March expired last week. Brent prices have experienced a steady increase as last year’s weakened crude oil market left most energy companies without the cash needed to continue spending heavily on exploration and production. Calls for international action in Libya , a once-major North African oil producer, weighed on the minds of investors worried Monday about the state of affairs in the Middle East. Egyptian airstrikes targeted Islamic State targets in Libya in response to mass executions of Coptic Christians. The government in Kuwait, a member of the Organization of Petroleum […]