Business Recorder - News https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 23:59:42 +0500 Thu, 13 Aug 2026 23:59:42 +0500 60 US crude jumps $2 on Libya disruption worry https://www.brecorder.com/news/3958/us-crude-jumps-2-on-libya-disruption-worry <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/Fuel_price.jpg" width="400" height="308" />LONDON: US crude oil futures rose by over $2 to as high as $88.42 a barrel on fears political unrest in Libya could disrupt oil exports.</p> <p class="MsoPlainText">Oil prices extended their rally on Monday after oil major BP said it has suspended preparations for exploratory drilling for oil and gas in western Libya as a result of growing unrest there.</p> <p class="MsoPlainText">The leader of the Al-Zuwayya tribe in eastern Libya has threatened to cut oil exports to the West unless authorities stopped violence against protesters.</p> <p class="MsoPlainText"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p> LONDON: US crude oil futures rose by over $2 to as high as $88.42 a barrel on fears political unrest in Libya could disrupt oil exports.

Oil prices extended their rally on Monday after oil major BP said it has suspended preparations for exploratory drilling for oil and gas in western Libya as a result of growing unrest there.

The leader of the Al-Zuwayya tribe in eastern Libya has threatened to cut oil exports to the West unless authorities stopped violence against protesters.

Copyright Reuters, 2011

]]> https://www.brecorder.com/news/3958 Mon, 21 Feb 2011 16:45:08 +0500 none@none.com (Imad Uddin)