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Oil Prices Spike to $103 a Barrel
Gadhafi's gift
Oil Prices Spike to $103 a Barrel
Oil prices continued to rise Thursday as the political upheaval in Libya has curtailed production from the North African country. The U.S. benchmark oil contract, West Texas Intermediate, for April delivery gained $1.06, or 1%, to $99.16 a barrel. Prices hit a high of $103 a barrel earlier in the session. Just last week, crude prices were trading below $90 a barrel.


2/24/11 1:36pm ET - CNNMoney
 
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