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(Reuters) -Crude prices rose for a third session on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supplies and fears of a global banking crisis eased. Brent crude futures gained 16 cents, or 0.20%, to $78.30 a barrel by 0357 GMT, while West Texas Intermediate U.S. crude rose 35 cents, or 0.48%, to $73.69 a barrel. "Worries over reduced supply from Iraq's Kurdistan region and a relief in financial markets worried about the banking sector turmoil continued to boost investors' risk appetite," said Satoru Yoshida, a commodity analyst with Rakuten Securities.
Libya’s crude oil production remains well below its 3 million bpd peak in the 1960s, but the country’s National Oil Company has plans to almost double production within three to five years
By Ambar Warrick