Oil exceeds $ 70 due to fighting in Libya

Oil prices

Oil exceeds $ 70 due to fighting in Libya

Oil prices rose to their highest level since November 2018 on Monday, driven by OPEC's current production cuts, US sanctions on Iran and Venezuela, fighting in Libya as well as strong job data in the United States.
The benchmark Brent crude for the year was $ 70.62 a barrel, up 28 cents, or 0.4 percent, from the last closing price.
http://www.weekly-daily-analysis.co/2019/04/gold-stabilizes-after-mixed-data-on.html

US WTI rose 30 cents, or 0.5 percent, to $ 63.39 a barrel.

The crude hit its highest level since November at $ 70.76 and $ 63.48, respectively, in early trade on Monday.

To support prices, OPEC and other producers agreed to cut supply by 1.2 million bpd this year.

Weekly Analysis GBPUSD 8, 12 Apr 2019