Oil Prices Fluctuate Amid Libyan Production Halt and Middle East Tensions

Libya's political conflict disrupts oil supply while military clashes between Israel and Hezbollah heighten regional instability.

U.S. crude oil prices fell below $77 per barrel after a brief surge due to Libyan production disruptions.
Libya's eastern government declared force majeure, halting oil production and exports over a central bank leadership dispute.
The Middle East conflict between Israel and Hezbollah has raised concerns about broader regional supply disruptions.
Oil prices had surged over 7% in the last three sessions before stabilizing as markets assessed ongoing geopolitical risks.
Analysts predict short-lived Libyan disruptions but caution that political tensions could lead to further supply instability.