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Saturday 5 March 2011

Oil Prices Spike: Blame Libya and Middle East Protests? | Elliott Wave International

Rising oil prices have been making headlines. The common theme: protests in Tunisia, Egypt, Bahrain -- and now, Libya. Here's a sample of the latest news stories:

  • Oil Prices Surge As Libya Protests Mount (The Associated Press)
  • Crisis in Libya drives oil prices up, threatens economic recovery‎ (Greenwise Business)
  • Saudi Arabia Uprising Could Mean $140-Plus Oil‎ (CNBC)
These explanations make perfect sense -- after all, how can the threat of civil war in oil-rich Libya not be bullish for oil prices?

Read more: Oil Prices Spike: Blame Libya and Middle East Protests? | Elliott Wave International

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