Oil falls as surplus forecast overshadows Libya disruption
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LONDON (Reuters) - Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya's crude output. Brent crude was down 48 cents, or 0.7%, at $64.11 a barrel by 1311 GMT. West Texas Intermediate fell 57 cents, or 1%, to $57.81.The head of the IEA, Fatih Birol, said he expects the market to be in surplus by 1 million barrels per day (bpd) in the first half of this year. "I see an abundance of energy supply in..