Business & Economy

Clashes in Libya to pay the price of oil to its highest level since 2008

Price of a barrel of oil jumped on Monday, February 21 to above 105 dollars in London on a level not previously scored since the end of September 2008, on fears of reduced exports of black gold from Libya.

This continued oil futures extended gains, U.S. crude rose more than 3 dollars to 89.50 dollars a barrel on Monday.

And announced that the International Energy Agency that it declared a state of preparedness in their institutions, to ensure the supply of oil reserves in the event of a sharp reduction in oil supplies from Libya. According to the Agency in Egypt that exports of oil from Libya, have fallen by about 50 thousand barrels per day Monday.
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According to Al-Jazeera stop production in the Libyan oil field fountain by the strike of the workers, but gave no other details.