Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes and militant raids on oil facilities in Libya. In a move widely seen as showing Saudi Arabia’s confidence in a demand recovery, the OPEC kingpin raised official selling prices (OSPs) for its oil deliveries to Asia and the United States on Tuesday. “This is a sign that prices have bottomed out because it means Saudi is confident in raising prices without being afraid of losing market share,” said Tony Nunan, a risk manager at Mitsubishi Corp in Tokyo. In the past seven weeks, Brent crude LCOc1 has risen from a six-year low near $45 to hold above $60 a barrel, despite continued concern about global oversupply. The April Brent contract was down 49 cents at $60.53 by 0405 ET, after rising 2.5 percent on Tuesday. […]