The Bundestag extended the mandate for Germany’s participation in the EU naval mission to enforce the UN’s arms embargo on Libya for a further year after a vote on Thursday. A majority of lawmakers in the German lower house voted in favour of the motion, meaning some 300 service personnel will remain part of the […]
Crude futures rebounded on Tuesday on signs that Russia is adhering to its promised export cuts while production restraints in Libya buoyed prices. West Texas Intermediate (CL=F) rose roughly 2% to close at $72.24 per barrel. Brent (BZ=F) futures also increased to settle at $77.59 per barrel. Protests in Libya continue to keep roughly 300,000 […]