host posted on March 06, 2011 20:14
With Libya teetering on the brink of civil unrest, crude oil futures settled at their highest level in 30 months over the week ending March 06 2011. The light, sweet crude for April delivery was 2.5 per cent higher at $104.42 a barrel on the New York Mercantile Exchange -- the highest settlement since September 26, 2008.