Oil prices held steady after Wednesday’s steep selloff, with the return of Libyan supply keeping prices in check despite reports of a tight global market. Join the world’s largest energy community with over 10,000+ members IEA: oil market “stretched to the limit.” The IEA said on Thursday that the oil market was tightening significantly and that even though higher production from OPEC was “very welcome,” it would cut into limited spare capacity, which could become “stretched to the limit.” Outages around the world are piling up and “we see no sign of higher production from elsewhere that might ease fears of market tightness,” the IEA wrote. Libya to restart export terminals. Oil prices have climbed over the last few weeks in large part […]