Brent crude rose Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S. gasoline stocks and positive U.S. economic data trumped concerns over European debt
Benghazi Council Says Dictator's Departure Is Only Option
The group connected the unrest to the war in Afghanistan ? suggesting that the British government could no longer afford to pay for that military campaign.
Forces loyal to Muammar Gaddafi fired a Scud missile for the first time in Libya's civil war, a U.S. defense official said, after rebel advances left the Libyan leader isolated in his capital.
Brent crude for September fell 26 cents to $109.65 by 3:57 a.m. GMT, after falling to as low as $109.23 earlier. U.S. crude was down 34 cents at $87.54 a barrel.
Libyan rebels said on Monday they had seized a second strategic town near Tripoli within 24 hours, completing the encirclement of the capital in the boldest advances of their six-month-old uprising against Muammar Gaddafi.
For 12 hours, Libyan rebel Ahmed Oraybee had been moving from one building to the next in the town of Zawiyah, trying to hunt down the pro-government snipers stalking its neighbourhoods.
Muammar Gaddafi urged Libyans Monday to free the country from "traitors," as rebels in the west began to strangle a major lifeline to his capital.
Libyan regime denies talking to insurgents about dictator's departure.
Rebels on the eastern front of Libya's civil war lost 11 men in the past 24 hours fighting to capture the strategic oil terminal and refinery at Brega on the Mediterranean coast, hospital sources said.
Prime Minister David Cameron blamed the worst riots in Britain for decades on street gang members and opportunistic looters and denied government austerity measures or poverty caused the violence in London and other major English cities.
Syrian forces killed at least five people in an assault on two northern towns on Thursday, activists said, pursuing a military campaign to crush protests against President Bashar al-Assad despite new U.S. sanctions and regional calls to end bloodshed.
Rebel forces in western Libya pushed north toward the town of Zawiyah near the Mediterranean coast on Thursday, trying to get within striking distance of the capital, Tripoli.
Crude oil historically trades at about 8 times the price of natural gas. Currently, it's trading at about 20 times natural gas. Is oil overpriced, natural gas underpriced, or is it a combination?
Even though Libyan rebels declared him dead last week, Khamis Gaddafi appeared on state television on Wednesday. Which side is telling the truth?
The narrow U.S. escape from default and its credit downgrade have added to a perception that the United States is in decline, a view that could weaken Washington's influence abroad.
"Cameron and his government must leave after the popular uprising against them and the violent repression of peaceful demonstrations by police," Libya's state news agency Jana quoted Deputy Foreign Minister Khaled Kaaim as saying.
Oil led a rebound among commodities on Wednesday as investors went bargain hunting for riskier assets after the U.S. Federal Reserve promised to extend near-zero interest rates for two more years.
Brent crude rose $3 on Wednesday after the U.S. Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.
Brent crude rose $2 on Wednesday after the Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.
Syrian forces killed at least 30 people and moved into a town near the Turkish border on Tuesday, an activist group said, even as Turkey's foreign minister pressed President Bashar al-Assad to halt assaults on protests against his rule.
Libyan officials said on Tuesday dozens of civilians had been killed in a NATO strike on a cluster of farmhouses east of Tripoli, but the alliance said it hit a legitimate military target.