“World oil prices advanced on Tuesday despite OPEC kingpin Saudi Arabia’s pledge to ensure sufficient supplies to cover Libya’s production shortfall.
Brent North Sea crude for delivery in April rose 67 cents to $112.47 per barrel.
New York’s light sweet crude for April, known as West Texas Intermediate (WTI), gained 35 cents to $97.32.”
Source: Oil climbs despite Saudi output pledge – Yahoo! News
