Oil markets have failed to build any kind of sustained momentum over the past couple of weeks, with persistent fears of a hard landing for the U.S. economy outweighing supply disruptions. Crude oil futures surged more than 3% on Monday after Libya’s rival eastern government said it is shutting down oil production and exports, adding to gains made the previous week when Fed chair Jerome Powell indicated a start to interest rate cuts in September. Unfortunately, oil prices have pulled back, with Brent crude for October delivery trading at $79.23/barrel…
