Morgan Stanley Cancels All Libya Oil Trade

- March 7th, 2011

Reuters reports that on Monday, Morgan Stanley has stopped trading oil with Libya.

Reuters reports that on Monday, Morgan Stanley has stopped trading oil with Libya.

The market news is quoted as saying:

Morgan Stanley canceled all crude oil and refined product deals in the past week “due to the OFAC,” the source familiar with the firm’s transactions said, referring to the U.S. Office of Foreign Assets Control which controls trade sanctions.

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