Oil prices are spiralling higher again on Friday morning following last night's United Nations approval of military action in Libya and amid continuing unrest in the wider region and fears of the impact on crude supply.
The front month Brent North Sea oil contract was last seen USD 1.40 higher at USD 116.30/bbl while the WTI front-month contract last traded USD 1.70 higher at USD 103.13/bbl.
The United Nations voted to approve military action in Libya on Thursday night, including a no-fly zone and air strikes, according to media reports. Military action could come "soon”, according to unspeci
Freitag, 18.03.2011, 08:34 Uhr
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