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Oil prices soared to more than $114 highest for two-and-half-years

Posted on 02 March 2011

From Guardian: The oil price breached $114 a barrel for the first time in more than two-and-a-half years as unrest in the Middle East spread from Libya to Iran.

Oil jumped by as much as 2.3% to a fresh high of $114.36 as police in Tehran used tear gas to disperse anti-government protesters and the US government warned that Libya could descend into civil war if Muammar Gaddafi remained defiant and refuses to quit…………………………………….Full Article: Source

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