​Oil Tumbles Below $75, Erasing All 2024 Gains On Hopes Of Libya Production Restart – Tyler Durden

Oil Tumbles Below $75, Erasing All 2024 Gains On Hopes Of Libya Production Restart Brent crude has extended its recent losses (sparked last week by the Reuters trial balloon that OPEC+ would boost output due to the Libyan oil production snafu) and tumbled sharply below $75, because the same Libyan oil snafu that allegedly was about to prompt OPEC+ to pump more is about to be resolved (doesn’t matter if it is all circular, as long as oil is sliding ahead of the election: algos will try to make sense of the lack of logic later). Brent slumped below $75,…  — Continue at ZeroHedge News : Read More