Libya Supply Outage Sparks Uncertainty in Oil Markets

Oil prices started the week with a major spike on the back of Khalifa Haftar's Benghazi-based government declaring a nationwide halt of all oil production and exports.- One of the two rival powers in Libya, the Benghazi government run by Field Marshal Khalifa Haftar said it would shut down all crude output and exports in the country, declaring a nationwide force majeure.- The decision comes amidst an escalating dispute over who should appoint NOC officials and control oil revenues, aggravated by the kidnapping of Central Bank officials…