Oil prices fall as Gaddafi looks to be on the way out

As news over the last couple of days revealed a surge from Libyan rebels, oil prices started to fall as markets gained confidence in the likelihood of increased production from the North African State. Brent crude futures fell 1.7% to $106.80 a barrel while some analysts have predicted price stabilization at around $100. Markets are […]

Oil will stop, warns Gaddafi’s son

The son of Libyan leader Colonel Gaddafi this morning warned that “oil will stop” if civil war broke out in the country. In a speech shown on state television, Sayf al-Islam Gaddafi added that “foreign companies will leave Libya tomorrow” as factional fighting erupted. His speech came as anti-government protests spread for the first time […]