Brent drops more than $3, on possible Libya peace plan
SINGAPORE (Reuters) - Brent crude fell more than $3 on Thursday to an intra-day low of $113.09 per barrel as investors eyed a possible peace deal in Libya brokered by OPEC-member Venezuela.
The head of the Arab League confirmed that a Venezuelan peace plan mooted by President Hugo Chavez was being considered by Libyan leader Muammar Gaddafi.
U.S. oil prices dropped $1.19 to $101.04 per barrel.
(Reporting by Luke Pachymuthu; Editing by Ed Lane)
- Tweet this
- Share this
- Digg this
- UPDATE 3-Pizza chain Sbarro files for bankruptcy protection
- U.S. top court declines to hear 'I (heart sign) boobies' case
- Ten countries scour sea for Malaysia jet lost in "unprecedented mystery"
- Evidence so far does not point to attack on Malaysian plane - sources
- Allianz lead insurer and Willis broker for Malaysia Airlines
The BSE Sensex ended up slightly on Monday after rising to a record high for a third consecutive session as strong foreign buying continued to boost domestic-focused shares such as those of HDFC Bank, but momentum waned as exporters slumped on a stronger currency. Full Article