Oil falls sharply on reported Libya peace deal
March 3, 2011 by Forex news
Filed under Market Insights
Oil futures beat a sharp retreat during Asian trading hours Thursday afternoon, as news surfaced of a possible plan to end fighting in Libya.
After trading above $102.50 earlier in the Asian day, benchmark Nymex crude for April delivery tumbled to $100.99 in electronic trade.
The turnaround …
