Crude rallied on Friday morning, ending the week on a bullish note as traders are increasingly concerned about global supply outages. (Click to enlarge charts above) April 5th 2019 Oil prices rose in early trading on Friday on risks in Libya and positive trade news from the U.S.-China negotiations. “The geopolitics around Libya and Venezuela, alongside the possible reflation of risk appetite on positive U.S.-China trade talks may well pull the market out of its morning doldrums,” Harry Tchilinguirian, global oil strategist at BNP Paribas, told the Reuters Global Oil Forum. On Thursday, Brent briefly topped $70 per barrel for the first time this year, although it fell back again. On Friday, Brent was hovering just below that threshold. Potential turmoil in Libya threatens supply . The head of the Libyan National Army, Khalifa Haftar, ordered his troops to march on Tripoli on Thursday, dramatically escalating the risk of […]