Information has surfaced that forces opposing Libyan leader Moammar Gadhafi secured the major oil towns of Brega and Ras Lanuf (both port cities on the Mediterranean).
The Libyan rebels now control oil fields producing between 100,000 and 130,000 barrels a day, and they say that will quickly increase to 300,000, with exports renewing in a week. That higher figure would account for about 19% of daily exports from Libya before the unrest started.
To the extent that anti-Gadhafi forces can secure the oil fields presently under their control, at least some of those exports should begin to flow again.
current crude oil prices per barrel
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Libyan Rebels May Oust Gadhafi, but the Fight Against Higher Oil Prices is Lost
$150 Oil: Four Ways to Profit as Crude Prices Rocket
Crude oil is about to skyrocket in price.
In fact, I believe we'll be looking at $150-a-barrel oil by mid-summer.
For most U.S. consumers, higher oil will equate to higher expenses, and a bigger drain on the household budget.
But for investors who understand where to look, these higher crude prices represent a substantial profit opportunity - one that will eradicate any concerns you have about higher household expenses.
And I can tell you precisely where to look.
For the sectors to watch, and profit plays to make, please read on...
In fact, I believe we'll be looking at $150-a-barrel oil by mid-summer.
For most U.S. consumers, higher oil will equate to higher expenses, and a bigger drain on the household budget.
But for investors who understand where to look, these higher crude prices represent a substantial profit opportunity - one that will eradicate any concerns you have about higher household expenses.
And I can tell you precisely where to look.
For the sectors to watch, and profit plays to make, please read on...