Crude oil rose as fierce fighting between loyalists to Libya's Muammar Gaddaffi and rebels seeking to oust him from power raised more fears of supply disruptions. More violence in Libya, the member of the Organization of Petroleum Exporting Countries that has been consumed by armed revolt in recent weeks, again lifted crude prices Friday. Violence flared in Tripoli as ruler Moammar Qadhafi and his forces desperately hung on to power in the capital city. Investors piled into the oil market fearing extended supply disruptions in Libya as rebels fought security forces in Ras Lanuf, a major oil terminal. Now support for the crude is seen at 4711 and below could see a test of
4691. Resistance is now likely to be seen at 4745, a move above could see prices testing 4759.

Trading Ideas:

Crude trading range is 4691-4759.

Crude oil settled higher spurred by reports of violence near Libya's oil facilities

Crude oil looks to get resistance at 4768 and support is seen at 4700 level.

Fighting has cut crude production in North African country by as much as 1 million barrels a day - IEA