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Commodities Briefing - Categorized | Price Watch, Trends more

Why commodity prices are surging on Libyan crisis

Posted on 10 March 2011

From Commodityonline.com: Global powers did not come any closer to creating a Libyan no-fly zone and Col. Gaddafi’s loyalists appeared to gain the upper hand against rebels in at least one coastal city of the country on Wednesday. The situation prompted traders to keep bids on WTI oil prices just above $105 per barrel, and US dollar selling came back into the picture as well.
NYMEX oil has now risen 20% over the past month, and Brent crude was trading at just above $114 in London this morning……………………………………….Full Article: Source


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