LONDON: Global oil prices were narrowly mixed on Tuesday amid easing worries over potential Middle East supply disruptions despite escalating violence in Egypt, analysts said.
Brent North Sea crude for delivery in August dipped four cents to stand at $107.39 a barrel in late London deals.
New York's main contract, West Texas Intermediate for August, gained 14 cents to $103.28 a barrel.
Commerzbank analysts said that "supply risks have been reduced somewhat following the resumption of oil production at an oil field in Libya".
They added in a note to clients: "The oil field has a daily production level of 350,000 barrels and had been closed since last week due to a security personnel dispute."
Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP that the market was experiencing "a slight technical pullback... after the recent gains."
He added: "Egypt pretty much remains in focus, and traders seem to have priced in a further escalation of the current unrest."
The crisis in Egypt in the wake of last week's military coup has worried investors, who fear a disruption in supplies through the Suez Canal and the Sumed Pipeline, which together carry almost three million barrels a day.
Egypt's interim leader promised that fresh elections would be held by early next year as Islamists prepared to rally on Tuesday after dozens of ousted president Mohamed Morsi's loyalists died in clashes at a Cairo military barracks.
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