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Oil jumps above $103 as Libya crisis escalates
CNN Money ^ | 3/21/11 | Catherine Tymkiw

Posted on 03/21/2011 2:59:09 PM PDT by Nachum

New York - Oil prices surged in electronic trading Monday after coalition forces launched an attack on Libyan military targets over the weekend. The benchmark U.S. contract, West Texas Intermediate, gained as much as $2.28 to top $103 a barrel for April delivery. It later dropped back to settle $1.26 higher at $102.33 a barrel. (Snip) "There's significant upside risk to the oil market," said Phil Flynn, senior market analyst with PFG Best. "Lets face it, the situation in Libya is still in flux. And the entire region is in flux as well."

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: above; jumps; libya; oil

1 posted on 03/21/2011 2:59:16 PM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 03/21/2011 3:06:40 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Went to a St. Patrick’s Day parade on Saturday and there was a group in the parade with signs that said, “END ALL DRILLING NOW”.
There were people on the sidewalk actually applauding the marchers carrying these signs.

I cannot believe some of the idiots that are voting in this country. These same people are probably bitching about gas prices!!


3 posted on 03/21/2011 4:13:39 PM PDT by Mr. Wright
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