{"id":51195,"date":"2014-05-19T09:48:57","date_gmt":"2014-05-19T13:48:57","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=51195"},"modified":"2014-05-19T09:53:38","modified_gmt":"2014-05-19T13:53:38","slug":"crude-prices-climbs-on-libya-violence","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/19\/crude-prices-climbs-on-libya-violence\/","title":{"rendered":"Crude Prices Climbs on Libya Violence"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Crude prices were seen trading higher on Monday as the output from Libya was reduced by a third, while traders speculate that the ongoing tension in the country will disrupt further supplies.<\/p>\n

Futures for the North American West Texas Intermediate (WTI) for June delivery climbed 0.64% higher to $102.24 a barrel on the New York Mercantile Exchange at the time of writing. While the European Brent crude for June settlement rose 0.24% to $110.13 on the ICE Europe Futures exchange at the same time.<\/span><\/p>\n

Crude – Libya Output<\/span><\/h2>\n

Libya is the holder of Africa\u2019s biggest oil reserves and a member of the Organization of Petroleum Exporting Countries (OPEC) and is struggling to handle the ongoing violence which has been weighing on the nation\u2019s supplies.<\/p>\n

On Sunday, armed gunmen stormed the country\u2019s parliament, testing the government\u2019s security three years after Muammar Gaddafi was overthrown.<\/p>\n

Libya oil\u2019s production dropped to 200,000 barrels per day, compared to 300,000 barrels per day recorded last week, according to analysts.\u00a0 Libya\u2019s output levels were at 1.4 million barrels per day last year.<\/p>\n

Russia energy Exports<\/span><\/h2>\n

Tensions between Ukraine and Russia, the world\u2019s largest energy exporters, are among factors that could keep the Brent above the $100 a barrel level. Russia said it will not supply gas to Ukraine in June unless the country pays in advance, which could weigh on demand for oil and supplies from other European countries.<\/p>\n

Ukraine\u2019s presidential election which is scheduled for May 25 will one of the main focuses for investors this week, with escalated protests expected.<\/p>\n

 <\/p>\n

Visit<\/i><\/strong>\u00a0<\/i><\/b>www.hymarkets.com \u00a0<\/a>\u00a0to find out more about our products\u00a0<\/i><\/b>and start trading today with only $50 using the latest trading technology today.<\/i><\/strong><\/p>\n

The post Crude Prices Climbs on Libya Violence<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Crude prices were seen trading higher on Monday as the output from Libya was reduced by a third, while traders speculate that the ongoing tension in the country will disrupt further supplies. Futures for the North American West Texas Intermediate (WTI) for June delivery climbed 0.64% higher to $102.24 a … <\/p>\n

Continue reading “Crude Prices Climbs on Libya Violence”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-51195","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/51195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=51195"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/51195\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=51195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=51195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=51195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}