US oil soars as high as $100 on Libya unrest – Petrol to hit £6.50 a gallon: Middle-East crisis cuts supplies – Markets get jitters as oil price heads for the sky

- US oil soars as high as $100 on Libya unrest (Reuters): NEW YORK (Reuters) – U.S. crude jumped to a 28-month high of $100 a barrel on Wednesday, as investors weighed the risk of Middle East unrest spreading from Libya to bigger exporters including Saudi Arabia. U.S. crude for April delivery rose 2.8 percent [...] continue reading world news