Oil mixed as Libyan rebels seize parts of capital
Page 1 of 1 • Share
Oil mixed as Libyan rebels seize parts of capital
[You must be registered and logged in to see this image.]
SINGAPORE: Oil prices were mixed in early Asian trade Monday as rebels seized parts of Libya's capital and the fate of leader Moamer Kadhafi hung in the balance.
New York's main contract, light sweet crude for September delivery, was up 82 cents to $83.08 a barrel from Friday's close in New York and Brent North Sea crude for October delivery dropped $1.59 to $107.03.
"This is really the main news event," Victor Shum, an analyst with energy consultancy Purvin and Gertz in Singapore, said of the situation unravelling in Libya.
"Rebels have entered Tripoli... there have also been reports Kadhafi will get out of the country," Shum told.
Libyan rebels surged into Tripoli Sunday in a final drive to oust Kadhafi as they seized swathes of the capital including symbolic Green Square and arresting the strongman's son, Seif al-Islam.
However, senior rebel figure Mahmud Jibril said there were still pockets of resistance in and around Tripoli and warned his forces to be cautious. "The fight is not over yet," he said on rebel television Al-Ahrar. "God willing, in few hours our victory will be complete." (AFP)
SINGAPORE: Oil prices were mixed in early Asian trade Monday as rebels seized parts of Libya's capital and the fate of leader Moamer Kadhafi hung in the balance.
New York's main contract, light sweet crude for September delivery, was up 82 cents to $83.08 a barrel from Friday's close in New York and Brent North Sea crude for October delivery dropped $1.59 to $107.03.
"This is really the main news event," Victor Shum, an analyst with energy consultancy Purvin and Gertz in Singapore, said of the situation unravelling in Libya.
"Rebels have entered Tripoli... there have also been reports Kadhafi will get out of the country," Shum told.
Libyan rebels surged into Tripoli Sunday in a final drive to oust Kadhafi as they seized swathes of the capital including symbolic Green Square and arresting the strongman's son, Seif al-Islam.
However, senior rebel figure Mahmud Jibril said there were still pockets of resistance in and around Tripoli and warned his forces to be cautious. "The fight is not over yet," he said on rebel television Al-Ahrar. "God willing, in few hours our victory will be complete." (AFP)
Maryam Mirza- Monstars
-
Posts : 981
Join date : 2011-06-18
Age : 32
Character sheet
Experience:
(500/500)
Similar topics
» Rebels seize Ras Jdir post on Tunisia border
» Rebels seize Ras Jdir post on Tunisia border
» 7 blasts shake centre of Libyan capital: agency
» Fresh NATO raids target Libyan capital
» Kadhafi cell routed in Libyan rebel capital
» Rebels seize Ras Jdir post on Tunisia border
» 7 blasts shake centre of Libyan capital: agency
» Fresh NATO raids target Libyan capital
» Kadhafi cell routed in Libyan rebel capital
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Sat May 04, 2024 11:49 am by ali001
» house disrepair claims
Thu May 02, 2024 4:29 pm by Ibad Khan Buledi
» Bounce n Bang: Physics puzzler
Thu May 02, 2024 11:39 am by ali001
» AIChatSY - AIChatbot Assistant
Wed May 01, 2024 10:48 am by ali001
» Storybook Magic App
Tue Apr 30, 2024 7:06 pm by ali001
» Flower Book Match3 Puzzle Game
Tue Apr 30, 2024 12:17 pm by ali001
» Avian Influenza Symptom in Chickens "Bird Flu H5N1 Virus" Vet learning materials, Poultry Farming
Sat Apr 27, 2024 9:57 am by Ibad Khan Buledi
» Aloha Planner - Note-Taker
Thu Apr 11, 2024 4:52 pm by ali001
» Streaming Guide Film TV Series
Tue Apr 09, 2024 9:39 pm by ali001