Oil Blockade

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Oil rises on supply worries, while coronavirus-led demand concerns ease; tensions in Libya cut oil exports by 1 million bpd
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Oil rises on supply worries, while coronavirus-led demand concerns ease; tensions in Libya cut oil exports by 1 million bpd

The ongoing conflict has cut oil exports by 1 million barrels per day (bpd), while losses from the oil blockade have exceeded $1.6 billion.