The price of one-month Brent crude hit $124 a barrel on Friday, up $1.48, as investors worried about the long-term impact of the conflict in Libya.
The rising price has fuelled inflationary concerns, helping the price of gold to an all-time high. If that’s not enough, the price of silver hit its highest since 1980.
Meanwhile markets in Asia seemed to largely ignore the 7.1 earthquake in Japan late on Thursday. The MSCI Asia ex Japan was slightly up at 0.4 per cent.
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