Oil (WTI) down 1.64% over the weekend. Now under $44.oo. Ahead of the OPEC meeting in 8 days Libya have stated they intend to return to the output achieved under Gadaffi i.e. 1600m barrels v the 300m currently being pumped. But country wracked by civil war and will only be achieved when stability ensues. Nigeria also told everyone they need to double current production after damage to pipeline by rebels. But oil may regain ground this week.
Oil (WTI) down 1.64% over the weekend. Now under $44.oo. Ahead...
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