UPDATE 8-Oil drops on Libyan export resumption hopes

... spread is moving out again if that goes on for awhile," said Gene McGillian, an analyst with Tradition Energy in Stamford, Connecticut. "Brent will catch more of a bid and WTI will be held back by the really strong production levels we see in North ...

http://www.reuters.com/article/2013/10/29/markets-oil-idUSL3N0IJ18820131029?feedType=RSS&feedName=industrialsSector