Yahoo! News Story - Oil soars on Libya violence, WTI shorts cover - Yahoo! News

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"The market is on edge about the potential for Middle East and North Africa supply disruptions," said Mike Wittner, head of commodities research, Americas, at Societe Generale.
"If you've got reports that actual disruptions are starting to occur, it's going to have a supportive impact. A lot of it is high-quality crude and that is important as well."
The increasingly violent protests that appeared to put Muammar Gaddafi's four decades of rule in jeopardy were the realization of weeks of mounting concerns that Egypt-inspired unrest would seep into nearby oil producers.
Brent oil futures, which have climbed more than $10 this year largely due to the increasing geopolitical risk premium, jumped $3.22 a barrel, or 3.2 percent, to settle at $ a barrel. They jumped another $2 to trade as high as $108 in after-hours dealing, the highest since September 4, 2008.
The March U.S. crude oil contract, which expires on Tuesday, surged $5.22 a barrel to trade at $91.42 a barrel in late-afternoon activity -- the highest in two weeks

Nota Ras Raka:-
Damn you uncle Gaddhafi, tengok..kan minyak dah naik niee....ahaaiiii...
kalau kerajaan yang tak berhati perut, mereka akan naikkan harga minyak walau apapun sebabnya..
ya salamm..ya salammm...
Oil soars on Libya violence, WTI shorts cover - Yahoo! News
http://news.yahoo.com/s/nm/us_markets_oil
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