The US oil price rose on Wednesday and settled for the first time above $100 since September 2008, as unrest in Libya continued and US crude inventories dropped. On Wednesday, airstrikes took place close to the oil fields in Libya - sparking further fears among investors and traders that the supply disruption of this OPEC member state would continue. Libya's National Oil Corporation Chairman Shokri Ghanem estimated that Libya's oil output has been reduced to 700 000 from 750 000 barrels … [Read more...] about US Oil Prices Breaks $100 Barrier
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Straton Electrical
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