Crude Oil Soared as Protests in Libya Crippled Production

29 October 2013 29 October 2013

richrouse6440

Ongoing protests in Libya have disrupted oil production in the region, sending Brent crude prices to the highest level in 3 days (up +2.51% d/d) and widening its spread with WTI crude which climbed +0.85% during the day. Gold price steadied. Market sentiment picked up despite weakness in US economic data.