CNBC | Oil Strengthens as Libya Conflict Offers Relief From Glut Bloomberg Oil advanced for the first time in three days amid speculation that an escalating conflict in Libya will help ease a global supply surplus that's driven crude into a bear market. Brent futures rose as much as 1.6 percent in London. Fires have been ... Oil rises to $60 per barrel, Libya fire supports Oil prices climb on Libya supply worries Oil isn't cheap -- at any price |