NEW YORK, Feb. 24 (UPI) -- West Texas Intermediate crude oil priced on the New York Mercantile Exchange settled close to $97 per Thursday, despite continued fighting in Libya.
Paolo Scaroni, the executive director officer of Italian oil giant ENI, said oil production in the North African country has dropped about 75 percent, or by 1.2 million barrels per day, with oil companies evacuating workers during the crisis that has spread throughout the region, The Wall Street Journal reported.