Crude Oil Prices Tumble Amid Raising Concerns Over Libya

Crude oil prices fell around 7% in the last two weeks on Monday on concerns regarding the delayed global economic recovery. Moreover, the troubles related to Libyan supply are causing more headaches for oil bulls.  Fundamental analysis: Global economic recovery slower than expected Investors are increasingly pessimistic that the global economic recovery will accelerate before the end of the year. “(Coronavirus) infection rates are on the rise again, there are localized lockdowns introduced in a growing number of countries hindering regional economic growth and the number of unemployed is failing to fall significantly,” Tamas Varga, an analyst at PVM Oil