Goldman Sachs sees the disruptions in Libya as short lived with 600,000 barrels per day falling off the market in September and 200,000 bpd in October.
Goldman expects the production halt in Libya to be short lived.U.S. crude oil futures slipped below $77 per barrel on Tuesday, after surging in the previous session on OPEC member Libya halting production and exports.
But the U.S. benchmark is pulling back slightly as the market expects a gradual disruption rather than all of Libya's production suddenly going offline, Sara Vakhshouri, founder of SVB Energy International, told CNBC'sGoldman Sachs sees the disruptions in Libya as short lived with 600,000 bpd falling off the market in September and 200,000 bpd in October.
"In the case of Libya, the eastern regional government can turn off Libyan production like a light switch," Helima Croft, head of global commodity strategy at RBC Capital Markets, told CNBC's "Squawk Box" Tuesday.
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