Oil prices fell on Wednesday, extending the previous day's more than 4% plunge, on expectations the political dispute that has halted Libyan exports may be...
TOKYO - Oil prices fell on Wednesday, extending the previous day's more than 4% plunge, on expectations the political dispute that has halted Libya n exports may be resolved and concerns over lower global demand growth .
"Selling continued in Asia amid expectations of a potential deal to resolve the dispute in Libya," said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd. Libyan oil exports at major ports were halted on Monday and production curtailed across the country. Libya's National Oil Corp declared force majeure on its El Feel oilfield from Sept. 2.
Weekly U.S. inventory data has been delayed by Monday's Labor Day holiday. The report from the American Petroleum Institute will be due at 4:30 p.m. EDT on Wednesday and the Energy Information Administration will be published at 11:00 a.m. EDT on Thursday. “No one except for Shoto will ever know how he got to Massachusetts, what he experienced, or who he met along the way,” the Dakin Humane Society said
Political Dispute Libya Global Demand Growth Brent Crude Futures
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil Holds Slide on Prospect of Returning Libyan Crude Supply(Bloomberg) -- Oil held a large decline as a prospective deal to return Libyan supply shifted focus back to concerns over global demand and an OPEC+ plan to ...
Read more »
Oil prices fall as Chinese demand concerns overshadow Libyan export haltBrent crude futures fell by $1.65 to $75.87 a barrel by 1004 GMT, while West Texas Intermediate crude futures were down $1.06 at $72.49
Read more »
Oil prices steady as Libyan supply woes counter lower-than-expected U.S. stock drawBrent crude futures slipped seven cents to $78.58 a barrel by 0812 GMT, while U.S. West Texas Intermediate crude futures edged one cent lower at $74.51
Read more »
Oil retreats as demand concerns offset Libyan supply risksBrent crude futures were down $1.02 at $78.53 a barrel by 1025 GMT, while U.S. West Texas Intermediate crude futures fell $1.04 to $74.49
Read more »
Oil prices slip after surge on Libyan outages, Middle East riskBrent crude futures were down 30 cents at $81.13 a barrel by 0819 GMT, while U.S. West Texas Intermediate crude futures dropped 40 cents to $77.02
Read more »
Oil prices pause after surging on Libyan outages, Middle East tensionsOil prices paused their recent advances, receding in Asian trading on Tuesday after surging more than 7% in the previous three sessions on supply concerns...
Read more »