Oil jumps to above $89 as Libya protests spread

Oil prices jumped by over $3 a barrel on Monday amid investor concerns that violent protests spreading in Libya could disrupt crude supplies from the OPEC nation. By early afternoon in Europe, benchmark crude for March delivery was up $3.10 to $89.30 a barrel in electronic trading on the New York Mercantile Exchange. The contract [...]

February 21, 2011Comments OffRead More