By CommoditiesMansion.com
Crude oil prices rose last week above $107 a barrel, the highest level since September 2008, where the ongoing political tension in the Arab world, a region rich of oil reserves, boosted crude oil prices amid concerns over the supply of oil from Libya mainly, as the saga between Gaddafi troops and rebels backed by Coalition Forces continued.
Any change in the situation in Libya will play a major role in moving oil prices, nevertheless, we should expect a calm trading day for overall financial markets including oil markets.
Originally posted here
