NEW YORK, March 29 (UPI) -- Crude oil prices held close to $104 per barrel in New York Tuesday as a jittery market has prices in a precarious balancing act.
Major closings of industrial work in Japan has somewhat balanced out the impact of fighting in Libya, which has cut supplies of hard-to-replace low-sulfur crude oil. As the conflict in Libya began, prices spiked last week to more than $106 per barrel, a 30-month high. But prices have eased back from there.