Oil prices were higher lower today trading down as worries over supply disruptions in Libya eased and demand concerns persisted. Falling crude inventories and rising Mid-East tensions did provide some support. “A pending resolution to Libya’s central bank crisis would restore significant oil supply, while U.S. Gulf production outages are seen as very temporary,” said Clay Seigle, energy strategist. A hurricane threatening the U.S. Gulf Coast has changed course, toward Florida and away from oil and gas-producing areas near Texas, Louisiana and Mississippi Despite a slew of monetary support measures announced by China’s central bank on Tuesday, the boldest since the pandemic, analysts warned that more fiscal help was needed to boost activity in the world’s largest crude importer. WTI traded down $1.87 or -2.61% to close at $69.69. Brent traded down $1.71 or -2.27% to close at $73.46.