Crude-oil futures moved in a tight price range and were little changed in Asian trading hours Tuesday after a sharp overnight drop on profit-taking. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at $99.29 a barrel at 0353 GMT, unchanged in the Globex electronic session. February Brent crude on London’s ICE Futures exchange fell $0.06 to $111.15 a barrel. Nymex crude is trading around 8.14% higher on year while ICE Brent crude is almost flat from a year earlier. Brent crude is under pressure after Libyan national oil company Arabian Gulf Oil Co. said on its website Monday that it has resumed oil production at its 100,000 barrel a day Mesla oilfield. Supply disruptions in Libya have been a major reason for volatility in oil prices through the year. “We see higher Libyan oil production adding to a 2014 […]