However, the expected increase in output is actually the observed output, as some OPEC members are struggling to reach their current monthly goals and lack the ability to further increase output levels. Countries reported to have produced similar or lower levels of production include Congo, Iran, Angola, Libya and Iraq. Brent Crude Daily ChartSource: IG, prepared by Richard SnowMonthly charts help build recent crude oil prices within the historical price range. Prices are currently trading well above the significant 86.67 level, with 95.30 being the next barrier to overcome. Brent Crude Monthly ChartSource: IG, prepared by Richard Snow— Written by Richard Snow for DailyFX.comContact Richard on Twitter to follow us.

Source: Libya Today February 04, 2022 12:59 UTC