January 28, 2025 14:40 GMT
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
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