More Libya output shut in as oil tops $111

摘要

London-Escalating unrest in Libya continued to impact the oil market February 23 as oil prices broke through the $111/b mark after more companies shut in production and the chaos in the North African country showed no sign of abating. Opponents of Moammar Qadhafi's regime are now said to be in control of the country's coastal east with government soldiers having joined the popular uprising. And hundreds of oil workers are stranded in the Libyan desert after their vehicles were stolen by looters.