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.

Aug 29, 2024 - 19:25
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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.

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