Friday, 21 September 2012

Brent crude climbs towards $111 on North Sea, Libya worries - Yahoo! News Maktoob

Brent crude rose towards $111 on Friday as concerns about Libya's precarious security situation and lower production in the North Sea triggered worries about supply.
OPEC member and Africa's third biggest producer Libya swiftly ramped up oil output after last year's revolution, but an assault last week on the U.S. consulate heightened fears about the new government's ability to impose its authority, and this is likely to delay the already-slow return of expatriate oil workers to the country.

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