Oil slides to $104 as rebels take Libyan ports

Chris Kahn
March 28, 2011

NEW YORK — Oil prices are sliding after Libyan rebels recaptured oil ports and promised to resume exports. Much of Libya’s oil exports go to Europe.

Fresh food that lasts from eFoods Direct (Ad)

Benchmark crude had jumped 24 percent since mid- February as fighting in Libya squeezed off oil shipments that previously supplied nearly 2 percent of the world’s oil.

Read entire article

Infowars.com Videos:

Comments are closed.