Libyan Air Strikes Drive Up Oil Prices

Posted by PK Dennis on Mon, Mar 21, 2011 @ 09:58 PM

LONDON-Crude-oil futures jumped after allied air strikes against Moammar Gadhafi's forces in Libya further escalated a conflict that has disrupted the country's oil exports for a month.

Meanwhile, protesters clashed with government forces in Yemen, Bahrain and Syria over the weekend, stoking fears that unrest would continue to spread throughout the Middle East and North Africa region, which is home to many of the world's biggest oil producers.

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