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Thursday, January 4, 2024

Protests in Africa catapult Oil 🛢️

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Will protests carry a strong rebound in crude?

Oil Sizzles

Hello Phan,

Just when you thought oil futures were stabilising, another surprise comes out of the Middle East.

This time, protests in Libya shut down the 300K barrel-per-day Sharara oil field, adding to fears of global crude supply shortages. The protests sent Oil futures up 1.6%.

If protests continue throughout the day today, it could affect Oil prices even further.

Will Oil rise today?

Trade Now

** Disclaimer – While due research has been undertaken to compile the above content, it remains an informational and educational piece only. None of the content provided constitutes any form of investment advice.

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