September 05, 2024
Brent crude oil prices have dropped to $73.75 per barrel, a 9-month low, amid expectations of Libya resuming oil exports. The Libyan National Oil Corporation’s reduced production and political negotiations signal potential stabilization. At the same time, OPEC+ may reconsider its production cut plans. Uncertainty surrounding global oil demand, especially from China, adds volatility to the market. Analysts expect ongoing fluctuations in oil prices.
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