Oil Manages To Crawl Out Of Losses – 11 July, 2018

News that Libya would continue oil exports as well as ongoing trade tensions between the U.S. and China caused Brent crude experience its biggest single day drop on over two years, falling 6.9 percent. Brent, however, managed to slowly crawl out of the loss, rising by 1.8 percent and $1.31 to $74.71 per barrel. West Texas Intermediate fell by 5 percent the previous session but managed to rise 0.6 percent and 42 cents to $70.80 per barrel.