(Bloomberg) — Crude slid after a key Libyan oil field resumed production, threatening to unleash barrels into a market where demand is already lackluster.U.S. oil futures fell as much as 3% on Thursday after trading in a tight range this week. The Messla oil field and Sarir refinery in eastern Libya resumed production after a technical problem forced a shutdown. Meanwhile, rising global coronavirus cases and reports of layoffs at companies from Wells Fargo & Co. to Walgreen Boots Alliance Inc. are dampening the potential of a demand recovery later this year.“The global market is going to have a difficult …read more
Source:: Yahoo Finance
