Libya and the Oil Troubles…

Crude oil futures continued to rise toward $107 a barrel as unrest in Libya continues and growing fear unrest could spread to other oil-producing states grew deeper.

Crude prices grew by $2.45 to $106.87 a barrel in trading on the New York Mercantile Exchange having earlier hit a day high of $106.98. Futures trading rallied 2.5 percent on March 4, pushing the rise over the past week to 6.4 percent.