Brent crude is trading close to 2014 highs Wednesday, supported by renewed unrest in Libya, while U.S. crude is at four-month highs. Brent crude for April delivery on London’s ICE futures exchange traded down 25 cents, or 0.2%, at $110.21 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded up 35 cents, or 0.3%, at $102.78 a barrel. Libyan production “was at a mere 375,000 barrels a day on Tuesday, according to the National Oil Corp. and one of the country’s militia groups threatened to remove the parliament from power if it doesn’t dissolve itself,” wrote Tamas Varga of PVM, an oil brokerage, in a note to clients. U.S. crude held gains made Tuesday on predictions of more severe cold weather next week. The freeze has increased demand for heating fuels, supporting the price of crude oil. There have also been […]