(May 30 Bloomberg) Oil rose as fighting erupted near Libya's biggest crude shipping port and OPEC delegates prepared to meet this week in Vienna to assess output.
Libya's Petroleum Facilities Guard captured a town near the Es Sider and Ras Lanuf oil loading terminals after fierce clashes with Islamic State militants. Strife in Nigeria and wildfires in Canada have also disrupted output. The Organization of Petroleum Exporting Countries will discuss a possible output freeze when the group gathers June 2, said Iraq's Deputy Oil Minister Fayyad Al-Nima.
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