Oil slides as output rises at Libya's largest oil field
Oil prices fell as much as 2 percent on Monday on selling triggered by a rebound in production from Libya’s largest oil field along with worries about higher output from OPEC and the United States. Output at Libya’s Sharara field was returning to normal after a brief disruption by armed protesters in the coastal city of Zawiya, the National Oil Corporation (NOC) said. The field has boosted Libya’s oil production, which climbed to more than 1 million bpd in late June.
Source:: https://finance.yahoo.com/news/oil-steady-near-nine-week-highs-fall-u-010600052–finance.html
