Oil prices are mixed Monday as a rebellion in oil-rich Libya appeared close to ending. The ouster of Libyan leader Moammar Gadhafi’s could allow the nation to resume oil exports, which have stopped during the country’s six-month conflict. That could ease global supply constraints that drove fuel prices to three-year highs earlier this year. But [...] [...]
The price of oil rose to a 30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in eastern Libya. Benchmark West Texas Intermediate crude rose $2 to $106.27 a barrel in midday trading on the New York Mercantile Exchange. At one point it hit $106.77, the highest it’s [...] [...]
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