Iran Arrests Opposition Leaders
March 1st, 2011Via: Bloomberg:
Oil rose from the lowest in a week in New York as Libyan crude exports were curbed by fighting in the North African country while demonstrations planned in Iran raised concern of wider disruptions.
Futures climbed as much as 1 percent after authorities in Iran, the second-largest producer in the Organization of Petroleum Exporting Countries, arrested opposition leaders to derail demonstrations scheduled for today. Fighting in Libya may have shut as much as 850,000 barrels a day of output, according to the International Energy Agency.
