Tuesday, February 22, 2011

Oil Prices Surge As Libya Protests Mount

Asian shares flat as oil prices trim gains

Feb-22-2011--SINGAPORE - Asian stocks were flat to slightly lower on Wednesday after Wall Street's worst showing since August, and oil hovered near 2-1/2 year highs as the revolt against Libya's Muammar Gaddafi reduced crude output in Africa's third-largest producer.

Video: Oil Prices Surge As Libya Protests Mount

Oil Rises From Two-Year High as Libya Unrest Stokes Mideast Supply Concern.

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