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Monday, February 21, 2011

BBC News - Libya unrest leads to rise in oil price

Brent crude jumped 1.75% in early Monday trading to $104.25 a barrel, its highest level since before the 2008 financial crisis.

European energy companies are evacuating some staff from the country, which is a major oil and gas producer for the European market.

Meanwhile shares in Italian oil firm ENI - which is active in Libya - have fallen 4.4%.

via www.bbc.co.uk

Brent Crude Oil Future twelve month chart

February 21, 2011 | Permalink

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