Libya's oil company on Thursday announced an "immediate" resumption of oil exports from two of the key ports captured this week by forces opposed to the country's UN-backed unity government.
Saudi Arabia's oil exports rose in June as the kingdom kept the market well supplied, pumping near record high levels of crude to feed rising both local and international demand.
Oil fell around 3% after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment over a supply glut that has sent prices crashing.
