• OPEC+ watching Libya's oil restart efforts closely - Reuters reports, citing sources

Market news

21 September 2020

OPEC+ watching Libya's oil restart efforts closely - Reuters reports, citing sources

  • Should wait to see if there is sustainable restart before reacting
  • At this stage, we should watch for some time; but the market is reacting much faster on bearish sentiment
  • Libya's production is less of concern than demand weakening again due to new round of COVID-19 lockdowns

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.