Oil prices have gone through record levels of volatility this year.The biggest reason is,of course,the impact of measures to slow the spread of Covid-19.But unpredictable supply factors are building too.Libya has begun to restore some production and could bring back even more if a tentative agreement between its warring factions holds.And the chokehold of sanctions on Iran could come up for review should a new US president take office in January.That this barely registers on the oil price for now is partly tribute to Opec producer discipline in enacting huge output cuts.But it adds yet another layer of complexity to the group's already complicated job of managing supply in an unpredictable market.
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