Oil Up For Third Straight Week As China Data Renews Confidence
Meanwhile, Russia debates whether to ban all exports to stabilize prices.
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Meanwhile, Russia debates whether to ban all exports to stabilize prices.
Libya’s oil production and export terminals are operating normally after a deadly storm that killed more than 11,000 people.
There appears to be no end in sight for the current oil price rally as bullish sentiment builds and supply tightens on the back of OPEC+ cuts.
Libya’s four oil export ports reopened on Wednesday following their closure in the face of Storm Daniel, which swept through the Mediterranean, causing extensive damage in Libya’s east, where officials are reporting over 5,000 deaths.
(Bloomberg) -- Hundreds of people are feared dead in eastern Libya after the Mediterranean storm Daniel caused catastrophic flooding in major cities over the weekend, an official said.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMorgan Stanley Sees Dojo