Oil up near $103

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.

http://www.wistv.com/story/25549811/oil-up-near-103-amid-libya-ukraine-conflicts

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