Tag Archives: Libya

Muammar Gaddafi announced dead

After 42 years in power Libyan Leader Muammar Gaddafi who was condemned by the West for his idiosyncratic vision of autocratic rule was toppled by his own people.

The death was confirmed by Prime Minister Mahmoud Jibril after Libyan fighters …

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Crude oil closes higher as euro gains on dollar

Crude oil rose on Monday after the Euro gained against the U.S. dollar, making it more appealing to investors holding foreign currency.

The Euro gained following relieved concerns surrounding its debt crisis after the Financial Times said that Italy was …

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Oil hit $89 a barrel on supply concerns

Oil is up by more than $3 a barrel today on expectations that the storms in the Gulf of Mexico will slow down oil production in that region.

Commodity traders and analysts believe that the U.S. will see stockpiles drop …

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Libya and Bernanke help push oil prices higher

Oil rose for a second straight day as investors anticipate Ben Bernanke’s speech on the weekend where it is thought a new stimulus package will be announced.

The Chairman of the Federal Reserve, Ben Bernanke, is scheduled to take center …

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Oil mixed on Libya news

News regarding the situation in Libya lead to mixed trading in oil futures as investors speculated what effect the end of the rebellion in Libya would have on the supply of oil.

The country has been fighting a rebellion headed …

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