Economics
Crude Rises to 30-Month High as NATO Escalates Libya Strikes
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Crude rose to a 30-month high as NATO escalated its air campaign over Libya, bolstering concern the conflict will spread to other energy-exporting countries in the region.
Futures climbed 0.5 percent after the North Atlantic Treaty Organization planned to fly 198 missions over Libya today, following 155 yesterday. Prices have advanced this year as unrest spread from Tunisia to Egypt, Libya, Yemen, Bahrain and Syria. Elections in Nigeria this month may lead to decreased output from Africa’s top crude-producing country.