Oil extends rally on Kazakhstan unrest and Libyan outages

  • Russia moves paratroopers into Kazakhstan to quell uprising
  • Libyan oil output down to 729,000 bpd, NOC says
  • Market shrugs off U.S. fuel stock surge, OPEC+ output hike

NEW YORK, Jan 6 (Reuters) – Oil prices rose about 2% on Thursday, extending their new year’s rally, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya.