Oil prices settle up 3% on supply concerns after oilfield shutdown in Libya

Name: Oil prices settle up 3% on supply concerns after oilfield shutdown in Libya
Uploaded: 2024-01-04T03:32:40+00:00
Duration: 116 s
Channel: AWANI
Description: Global oil prices rose 3% on Wednesday as disruptions in Libya's top oilfield and escalating Middle East tensions raised supply concerns. Brent settled at $78.25, up 3.1%, and WTI crude settled at $72...

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Global oil prices rose 3% on Wednesday as disruptions in Libya's top oilfield and escalating Middle East tensions raised supply concerns. Brent settled at $78.25, up 3.1%, and WTI crude settled at $72.70, up 3.3%, marking the most significant daily gain for WTI since mid-November.