Oil Gains On Libya Worry; US Freeze Trips Up Refiners

"I haven't seen anything that's going to cause a huge issue for them coming back online," Posillico said.

Violence In Iraq

Violence in Iraq and the possibility of increased tensions ahead of parliamentary elections in April have also sparked concern about supply from one of the Middle East's largest oil producers.

The Iraqi army deployed tanks and artillery around Falluja on Tuesday, security officials said, as local leaders in the besieged city urged al Qaeda-linked militants to leave in order to avert an impending military assault.

(Additional reporting by Alex Lawler in London and Jacob Gronholt-Pedersen in Singapore; Editing by William Hardy, David Gregorio and Paul Simao)

Copyright 2014 Thomson Reuters.


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