Epic Research Singapore : Comex Market Update

February crude oil CLG4 +0.04%   flipped 5 cents higher, or 0.1%, to $99.34 a barrel in electronic trading.

Prices on Monday fell $1.03, or 1%, to settle at $99.29 a barrel on the New York Mercantile Exchange.

A spokesman for Libya’s National Oil Corp. said Monday that two oil fields in the country had resumed production over the weekend. Libyan oil production has slumped since July, with rebels controlling many of the country’s oil facilities. The government said it has been in negotiations with rebel leaders to put an end to the shutdown. 

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