UN Incoming Attack on Libya Pushes Crude Up

UN Incoming Attack on Libya Pushes Crude Up

The oil had its future prices leveled up as well as forecasts that indicate higher prices, after the United Nations Security Council approved a No-Fly zone in Libya and its likely to strike in the following hours.

After weeks of delay on taking a decision regarding the Libyan crisis and the deaths of hundreds of civilians, finally the UN Security Council approved an air attack which is likely to be led by France to prevent Qaddafi's forces to exterminate a number of civilians hosted in the cities controlled by rebels

Source: UN Incoming Attack on Libya Pushes Crude Up