Brent crude-oil futures were somewhat higher in London trading Wednesday, but gaining only scant support from large draws on U.S. stockpiles and residual tension in North Africa. Brent crude for February delivery was up 17 cents, or 0.2%, at $107.52 a barrel on ICE Futures Europe. U.S. crude-oil futures were up 8 cents at $93.74 a barrel on the New York Mercantile Exchange. Prices recovered slightly Tuesday after five days of declines that followed the re-opening of an important oil field in Libya. JBC Markets said that Libyan export capacities remain limited, however, despite the government’s success in regaining control over the El-Sharara field that had been shut for several months. In the U.S., the American Petroleum Institute revealed that stocks had fallen by 7.3 million barrels in the week ended Jan. 3. Such draws suggest a tighter market, which could also support prices. Opinion is […]