Oil up near $103 amid Libya, Ukraine conflicts
Are you seeing what I am reading?
The Oil Companies have already raised the price of a barrow of oil because?
The price of oil approached $103 a barrel Monday as violence in Libya
‘threatened to once again delay a potential increase in the country’s exports of crude’.
By early afternoon in Europe, benchmark U.S. crude for June delivery was up 78 cents to $102.80 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract added 52 cents to close at $102.02, gaining about 2 percent for the week.
Brent crude for July delivery, a benchmark for international oil, was up 35 cents to $110.10 on the ICE Futures exchange in London.