US oil prices settle above $102

US oil prices settle above $102

New York – US oil price rose on Wednesday and settled for the first time above $100 since September 2008, as unrest in Libya continued and US crude inventories dropped. On Wednesday, airstrikes took place close to the oil fields in Libya – sparking further fears...
Libya turmoil boosts oil, equities restrained

Libya turmoil boosts oil, equities restrained

Oil prices charged to a fresh 2-1/2 year high Monday as traders eyed increasing violence in major producer Libya, feeding fears about rising inflation and unsettling other markets. European equities fell on a combination of uncertainty over the future of the oil...