Sep WTI crude oil (CLU24) today is down -0.66 (-0.90%), and Sep RBOB gasoline (RBU24) is down -0.91 (-0.39%). Crude oil and gasoline prices today are under pressure, with crude posting a 6-month nearest-futures low and gasoline posting a 5-month low. Crude prices recovered from their worst levels today on reduced crude output from Libya after the Sharara oil field, Libya's biggest, halted crude production due to anti-government protests and security concerns. Today's global economic news was mixed for energy demand and crude prices. Crude oil prices have underlying support from the Hamas-Israel conflict.

Source: Libya Today August 06, 2024 01:03 UTC