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
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- India Inc happy with Modi, but holding back on investment: poll
- Modi to launch plan for every Indian household to have bank account
- Angelina Jolie and Brad Pitt wed in France - media reports
- UPDATE 2-Blast shakes BP's largest US refinery at Whiting, Indiana -local media
Prime Minister Narendra Modi promised on Thursday to end "financial untouchability" with a scheme to ensure the majority of households in his country of nearly 1.3 billion people has a bank account within months. Full Article
Adani buys Australia coal mine royalty rights from Linc for $145 million Full Article