Oil prices remained mostly stable this week on light trading and few major price-altering headlines. However, some weakness in the rally emerged as fears over restored Libyan supply weighed on prices. The influence of the OPEC production cut appears to have all but left the markets now, with trading slowing down into the new year. Libyan oil pipelines reopened. Libya’s oil output is set to surge in the next few months as long shuttered pipelines restart operations. The pipelines can carry 270,000 bpd, which is equivalent to almost half of the country’s current output. The restart of […]