If Libyan exports are halted for any sustained period, storage tanks will fill within days and production will slow to 72,000 barrels per day (bpd), said a spokesman for state oil company NOC.
Later in the day, the American Petroleum Institute's weekly crude oil inventory report, which last week showed a build of 1.1 million barrels, will be looked upon for fresh impetus.
United States gasoline stocks built for an 11th week, rising 4.5 million barrels, much more than forecasts for a 3.1 million-barrel gain.
Nearly all of Libya's crude export capacity is now under force majeure - a waiver on contractual obligations - after pipeline blockades in the east and west of the country hindered oil production.
The comments and the successes of the US shale oil industry, which are also the main reason for the current oversupply on the oil market, weighed on the market, experts noted.
Canada: snowmobiles plunge through ice leaving one dead and five missing
Dozens of police officers, backed by two helicopters, also were deployed in the area, which is about 225km north of Quebec City. The snowmobiles crashed through ice Tuesday evening at a risky spot where Saint-Jean Lake funnels into a river.
United Kingdom has 'crossed Brexit finish line', says Johnson
Wednesday saw the House of Commons overturn all the changes the unelected Lords made earlier to the Brexit bill . The upper chamber had been expected to uphold the decision by the House of Commons, whose members are elected.
India vs New Zealand T20I series: All you need to know
They play really hard and they want to win the game but at the end of the day they're not dejected or depressed if they don't win. Other than bringing their best game on the occasion, India will also have to adjust to the ground's dimensions.
"I hope Iraq keeps its stability, and as an important producer, continues to bring oil to the markets", he said about the OPEC's second-biggest producer.
Meanwhile, Brazil's energy minister, Bento Albuquerque, said the country will start talks about joining Opec during a visit to Saudi Arabia in July. But the International Monetary Fund said a U.S.
US crude inventories were likely to have fallen for a second week last week, a Reuters poll showed, but gasoline stocks are expected to have risen for an 11th week in a row. Conversely, the West Texas Intermediate crude oil market price fell by 0.74 percent, diminishing by 43 cents and reaching the 57.95 level.
Official US government data is due at 11 a.m. ET (1600 GMT) on Thursday, delayed a day in observance of Monday's Martin Luther King Jr.
Supply is still likely to rise, with U.S. crude production in large shale deposits expected to rise to record highs in February, although the pace of increase is likely to be the lowest in about year, the U.S. Energy Information Administration (EIA) said on Tuesday. Day holiday on Monday.