Oil futures were caught in a range during the mid-morning trade in Asia Sept. 21, even as Libya’s state-owned National Oil Corp. lifted the force majeure on oil fields and ports on Sept.19, raising concerns of oversupply in a market plagued by demand uncertainty. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11.15 am Singapore time (0315 GMT), ICE Brent November crude futures were trading at $43.19/b, up 0.04 cents/b (0.09%) from the Sept. 18 settle, while the NYMEX October light sweet crude contract was at $41.14/b, up 3 cents/b (0.07%). Libya’s NOC lifted the force majeure on oil fields and ports, excluding facilities where militants are still present, after the Libyan National Army’s leader Khalifa Haftar said on Sept.18 in a public broadcast that a blockade on oil exports, effective since Jan. 18, would be lifted immediately. The lifting […]