Gadhafi orders security forces to sabotage oil fields

Oil jumped 6% Tuesday, at one point spiking to $98/barrel, due to concerns over spreading turmoil in oil-producing Middle Eastern and African nations. New reports say Col. Gadhafi is ordering security forces to sabotage oil fields throughout the country, a move that could potentially affect the global oil market. Though Libya only produces 2% of … Continue reading Gadhafi orders security forces to sabotage oil fields