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Oil Prices Drop Amidst Libya Developments; Operators Get Back to Work Post-Delta

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   |    Monday,October 12,2020

Commodity Price Summary - October 12, 2020

WTI oil prices slid downward slightly on Monday October 12, 2020 due to several factors, including:

  • Operators resuming production following Hurricane Delta
  • The force majeure at Libya's largest oilfield being lifted
  • Resumption of production in Norway following a strike

However, natural gas prices continued to climb upward as winter temperatures spur an increase in demand.

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