Oil prices jumped 7% Tuesday, spiking as high as $98 a barrel, as the crisis in Libya sparked concern that the turmoil roiling the Middle East could spread to other producing countries -- including Saudi Arabia.
U.S. crude for April delivery was trading at $96.61, up $6.86 from Friday's settlement on Tuesday to $96.61. The U.S. market was closed Monday for a holiday, although there was a 6% gain in international trading.
CNN
U.S. crude for April delivery was trading at $96.61, up $6.86 from Friday's settlement on Tuesday to $96.61. The U.S. market was closed Monday for a holiday, although there was a 6% gain in international trading.
CNN
