Crude oil futures extended their losses, with concerns about Libyan supply easing.
September 4, 2024, 11:15 AM GMT+9 (excerpt)
The price of crude oil futures expanded its losses in the Asian trading on the 4th. Concerns about the resolution of the issues behind the suspension of Libyan oil production and the slowdown in global demand are weighing on the market.
North Sea Brent futures for November were at $73.47, down 0.28 dollars (0.4%) at 0052 GMT (9:52 AM Japan time). U.S. WTI futures for October were at $70.03, down 0.31 dollars (0.4%).
The eastern and western forces of Libya have agreed to jointly appoint a new governor of the central bank on the 3rd. There is a possibility that the conflict over control of petroleum income will be resolved, and the stagnant petroleum production may become active.
North Sea Brent futures for November were at $73.47, down 0.28 dollars (0.4%) at 0052 GMT (9:52 AM Japan time). U.S. WTI futures for October were at $70.03, down 0.31 dollars (0.4%).
The eastern and western forces of Libya have agreed to jointly appoint a new governor of the central bank on the 3rd. There is a possibility that the conflict over control of petroleum income will be resolved, and the stagnant petroleum production may become active.
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