OIL MKT DRIVERS: U.S. Jobs Report; Libyan Crude Sales

By Alex Longley

(Bloomberg) —

Summary of what’s shaping the oil market on Friday: Trading volumes remained thin after U.S. holiday. U.S. jobs figures due, along with exchange-positioning data for Brent. Libya’s Eastern commander Khalifa Haftar said the nation’s crude can be sold only by the state oil company in Tripoli.

U.S. payrolls data due later, along with ICE Futures Europe weekly commitments of traders report for Brent, gasoil

CFTC data delayed due until July 8 to U.S. holiday

Germany is “seriously concerned” about recent developments in Iran, government spokeswoman says, after the Middle East country breached the agreed limit on its low-level enriched uranium stockpile
Libya’s most powerful military leader said the state oil company in Tripoli has the sole right to sell the nation’s crude, a statement that might ultimately help stabilize production that has swung wildly for almost a decade because of ongoing conflict
An oil tanker that took a cargo of crude from the Middle East to Italy is returning the shipment back to the Persian Gulf
Spain is considering making a formal complaint to the U.K. over the seizure of the Grace 1 tanker off Gibraltar

Tanker was carrying Iranian oil to Syria in violation of European and U.S. sanctions

To contact the reporter on this story:
Alex Longley in London at alongley@bloomberg.net

To contact the editors responsible for this story:
Alaric Nightingale at anightingal1@bloomberg.net
Brian Wingfield, Christopher Sell