Oil prices are surging higher again on Monday morning as allied forces continue air strikes in Libya to enforce a UN-mandated no-fly zone, while political turmoil persists in the Middle East.
The front month contract for Brent crude North Sea oil contract was last seen trading USD 1.76 higher at USD 115.69/bbl while, the WTI Nymex contract was last dealt USD 2.05 higher at USD 103.13/bbl.
However, "it seems that Libyan supply disruption has already been priced in, but a 'scorched earth' response from [Libyan leader Muammar] Gaddafi could cause disruptions to sh
Montag, 21.03.2011, 08:25 Uhr
Redaktion
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