Oil Flirting with 1-Year High on Libya Bombings

Oil Flirting with 1-Year High on Libya Bombings

The oil continue its strong bullish pattern in the beginning of this Tuesday and the situation seems far from having a happy ending in Libya, as well as revolts continue to spread out around Middle Eastern nations.

Oil supplies from Libya may be temporarily reduced to zero, depending how the situation deteriorates in the country. Protests in Yemen and Syria are also contributing for a high amount of concerns regarding oil supplies, forcing the crude barrel prices up globally.

Source: Oil Flirting with 1-Year High on Libya Bombings