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Oil prices remain well supported against a geopolitically charged backdrop and strong fundamental underpinnings... Within those dynamics, the fundam..."
Crude was mixed in Asian trade on Friday with prices supported by the unrest in Libya and other oil-producing countries in the region, analysts said.
New York's main contract, light sweet crude for delivery in May, lost three cents to $105.57 per barrel while Brent North Sea crude for May rose 21 cents to $115.93.
"Oil prices remain well supported against a geopolitically charged backdrop and strong fundamental underpinnings... Within those dynamics, the fundamentals of the oil market have shown no signs of easing," Barclays Capital's analysts said in a report.
Traders have been watching the wave of anti-government protests in the Middle East and North Africa.
Nato late Thurday agreed to enforce the no-fly zone over Libya to stop Moamer Kadhafi's jets from flying.
Oil-rich Libya was producing 1.69 million barrels a day before the unrest, according to the International Energy Agency. It is now producing 400 000 barrels a day.
New York's main contract, light sweet crude for delivery in May, lost three cents to $105.57 per barrel while Brent North Sea crude for May rose 21 cents to $115.93.
"Oil prices remain well supported against a geopolitically charged backdrop and strong fundamental underpinnings... Within those dynamics, the fundamentals of the oil market have shown no signs of easing," Barclays Capital's analysts said in a report.
Traders have been watching the wave of anti-government protests in the Middle East and North Africa.
Nato late Thurday agreed to enforce the no-fly zone over Libya to stop Moamer Kadhafi's jets from flying.
Oil-rich Libya was producing 1.69 million barrels a day before the unrest, according to the International Energy Agency. It is now producing 400 000 barrels a day.
