Free Trial

OIL: Eased Libya Protest Measures Cause Slight Oil Pullback

OIL

Oil coming off slightly on the Libya headline suggesting eased blockade measures by the protests.

  • They are understood to be blocking in around 400,000 bpd of supplies at the ports of Ras Lanuf and Es Sider.
  • Markets are on edge after prolonged Libyan protest related measures impacted supplies significantly last year.
  • “*LIBYA PROTESTERS TO ALLOW PORTS TO TEMPORARILY LOAD OIL: MEDIA” - bbg
  • Brent MAR 25 up 0.8% at 77.67$/bbl
  • WTI MAR 25 up 0.8% at 73.78$/bbl
74 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Oil coming off slightly on the Libya headline suggesting eased blockade measures by the protests.

  • They are understood to be blocking in around 400,000 bpd of supplies at the ports of Ras Lanuf and Es Sider.
  • Markets are on edge after prolonged Libyan protest related measures impacted supplies significantly last year.
  • “*LIBYA PROTESTERS TO ALLOW PORTS TO TEMPORARILY LOAD OIL: MEDIA” - bbg
  • Brent MAR 25 up 0.8% at 77.67$/bbl
  • WTI MAR 25 up 0.8% at 73.78$/bbl