Brent crude rose by almost $1.50 a barrel to a high of $104.60 on Monday after Reuters quoted Al Jazeera saying a strike at Libya’s Nafoora oilfield had halted production.Brent crude for April delivery relaxed somewhat to $104.33 by 09:00 GMT after opening at $103.14.
The MSCI Asia Pacific index was off 0.42 per cent as concern spread over violent unrest in Libya.
Seif al-Islam Gaddafi, son of Libyan leader Muamamer Gaddafi, appeared on Libyan television to warn of civil war on Monday morning, asserting his father was in the country and had the support of the army. It followed unconfirmed reports that Gaddafi senior had fled the country, of a gunfight between his feuding sons and of an army split into pro- and anti-government factions.
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