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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-28-11 10:05 AM
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Oil above $114 after Libya cuts
Brent crude rose more than $2 a barrel today as concerns persisted about security of supply from the Middle East and North Africa.

The concerns come even after top exporter Saudi Arabia boosted supply to meet the shortfall caused by a cut in exports from Libya, after violent revolt shut down as much as three-quarters of the North African nation's output, according to some estimates.

As protests have intensified and spread through the Arab world, investors fear any impact on output from Saudi Arabia.

http://www.upstreamonline.com/live/article246428.ece
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-28-11 11:33 AM
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1. Local news reported gas prices at nearly $5/gal. in the DC area this morning.
Somebody's having an obscenely large payday this week.
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