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
- Tendulkar factor adds to pressure on Sindhu
- Taiwan says weather not seen as cause of plane crash that killed 48
- With sales sputtering, Apple's iPad looks to IBM alliance
- Exclusive - Ukraine rebel commander acknowledges fighters had BUK missile
- TransAsia Airways stocks plunge after plane crashes in landing
India is set to offer Nepal a landmark pact to help develop its huge hydro-electric power potential as the South Asian giant takes another step to re-assert influence among smaller neighbours where China has been forging closer ties. Full Article