Oil Prices Surge Amid Libyan Export Halt and Middle East Tensions

Today’s oil market saw a significant rise, with prices jumping over 3% due to a halt in Libyan exports amid escalating Middle East tensions. The stoppage in Libya’s oil production and exportation has raised alarms about a potential supply disruption. At the New York Mercantile Exchange (Nymex), October deliveries of West Texas Intermediate (WTI) crude […]