Oil Prices Hit $104 On New Supply Scare

Oil prices rose early on Monday, extending gains from Friday, as supply took center stage on the market with potential new production cuts from OPEC+ and deadly clashes in Libya which renewed concerns about Libyan oil exports.  As of 11:45 a.m. ET on Monday, WTI Crude was up by 2.98% at $96.04. The international benchmark, Brent Crude, traded at $104, up by 2.98% on the day.   Brent returned above the $100 per barrel mark last week and has traded above that threshold for most of the past five days, after Saudi Arabia’s Energy…