Oil Rises as Libyan Unrest Disrupts Supplies

Reuters reports that on Tuesday, U.S. oil surged a two and half  high as the unrest in Libya disrupted the OPEC nation’s supplies.

The market news is quoted as saying:

U.S. crude for March delivery, which expires at the end of the session, rose $5.65 to $91.85 a barrel, after touching $94.49 a barrel, which was the highest level since October 2008. The more actively traded April contract gained $5.15 to trade at $94.86 a barrel.

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