We Respect Your Privacy & Maintain Compliance Standards

We use cookies to enhance your browsing experience, serve personalised ads or content, and analyse our traffic. By clicking "Accept Cookie", you consent to our use of cookies.

 

By accessing our main website, hubfx.co, you confirm that you are visiting from one of the jurisdictions listed at hubfx.co/permitted-jurisdictions. Furthermore, you acknowledge that your visit pertains solely to our intended service offerings for your jurisdiction and does not involve any activities listed at hubfx.co/non-permitted-activity.
Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Get Started
Get Started

Oil gives back most of the Libya gain

  • August 27, 2024
  • -FCHFX

August 27, 2024 at 05:48PM
Oil rallied 3.5% yesterday after Libya halted production and exports on the civil unrest in the country.

The old adage applied again: Never trust a geopolitical rally. There are times when they can work for a period — like the Russian invasion of Ukraine — but unless barrels are truly taken out of the market for an extended period, then the trade is to fade the rally.

Today, WTI is down $1.79 to $75.61 and near a session low.

Notably, CAD was a big outperformer yesterday on the oil rally but hasn’t given any of it back today.

This article was written by Adam Button at www.forexlive.com.

Oil gives back most of the Libya gain
Previous Post
Next Post
zh-CN Chinese (Simplified)cs Czechen Englishfr Frenchde Germanno Norwegianpl Polishpt Portuguesesv Swedish
en English