Libya and Middle East Tensions Drive Oil Surge

Geopolitical events dominate market movements today amid a sparse economic calendar. Oil prices have surged following an announcement from Libya’s eastern government in Benghazi that oil production and exports would be halted. This move stems from a dispute with the internationally recognized western government in Tripoli over central bank leadership. Additionally, markets are reacting to […] The post Libya and Middle East Tensions Drive Oil Surge appeared first on Action Forex.