Crude Oil, WTI, China GDP, Libya Production, RBOB Crack Spread, OVX – Talking PointsCrude oil is on the back foot going into Tuesday’s trading sessionChina’s growth prospects remain mired but hopes for stimulus persistLibya is set to add to oil production. The RBOB crack spread is the gauge of gasoline prices relative to crude oil prices and reflects the profit margin of refiners. The price action saw WTI crude fall back into the broad range of US$ 66.80 – US$ 77.33 that it has been in for 11 weeks. The OVX index measures volatility in the WTI oil price in a similar way that the VIX index gauges volatility on the S&P 500. Updated crude oil prices can be found here.

Source: Libya Today July 18, 2023 08:07 UTC