Tuesday, March 22, 2011
Why do oil markets care about Libya? Over the past week, the oil price appears to have moved in sync with events in Libya. When Gaddafi looked close to extinguishing the revolution, prices dropped with the expectation that Libyan oil would start flowing again. Every time the rebels have been given a boost, oil prices have gone back up.
Posted by Michele Kearney at 9:57 AM