Oil Jumps, Stocks Slide On The Crisis In Asia Libya

This press release Oil prices rose more than a dollar share and Asia Monday, mainly to easing tensions in the spread of Libya and other oil-producing regions have encouraged some light profit taking after strong gains last week .

further increases in oil prices could be forced to increase sales of regional markets that have only recently begun to recover from a wave of strong sales during the first weeks of 2011.


Higher prices pose to fresh headaches and authorities are struggling to restore their powers against inflation amid food prices. “I would be concerned if unrest spreads in Saudi Arabia,” said Benson Wang freight brokerage services in futures and crude oil futures contracts U.S. crude Sydney.Brent bent at a $ 103.75 1/bbl to dollars per barrel and $ 87.39 respectively.

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While gold prices rose, adding to last week’s gains nearly 3 percent.Anti-government protesters rallied in the streets of Tripoli this weekend, tribal leaders have spoken out against Muammar Gaddafi, and army units defected to the opposition, that exporters of oil in Libya have been subjected to the one of the bloodiest uprisings twist the Arab world.

The MSCI Asia-Pacific shares outside Japan (. MIAPJ0000PUS) slipped half a percent after posting its best weekly performance in two months last week. The sub-energy index (. MIAPJEN00PUS) rose 0.5 percent, exceeding the day.The Nikkei (. N225) ended more than 0.1 percent. latest initiative from Beijing to tighten its policy in terms of increasing bank reserves to Shanghai (. SSEC) and Hong Kong (. HSI) stocks slip in early.

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