Oil Prices Spike to $100 a Barrel

Over a Barrel

Updated Apr. 24, 2017 4:36PM EDT / Published Feb. 23, 2011 9:15AM EST

Angry protesters in Libya may make for annoyed drivers in the U.S. The price of a barrel of crude oil hit $100 a barrel Tuesday, its highest point since October 2008. The spike is a result of concerns that tension in Libya, a major oil producer, could slash the world supply of crude. Production there has already been disrupted, and leader Muammar Gaddafi has reportedly threatened to blow up pipelines. And protests could spread to other oil producers in the Middle East. Oil futures spiked despite promises from other OPEC members that they’d increase production to make up for the lost Libyan oil, although the price has now fallen to just below $100. The effect on prices at the pump is not clear.

Read it at The Wall Street Journal

Trump OKs New Conditions for $175 Million Bond in Fraud Case

Trump’s attorneys agreed to five concessions demanded by the state.

Superfan Reveals Intricacies of Taylor Swift’s NYC Home

Tyler Conroy said he even got to use the star’s monochrome, TS embroidered hand towels.

‘Sorry for Having Great T*ts’: Sydney Sweeney Hits Back

Carol Baum had told an audience that Sweeney was overhyped, “isn’t pretty,” and “can’t act.”

Four Germans Arrested For Commemorating Hitler’s Birthday

One was seen giving a stiff-armed Nazi salute outside the home where Adolf Hitler was born.

Papua New Guinea PM Slams Biden’s Bizarre Cannibal Comment

Last week, Biden appeared to imply his uncle was eaten by cannibals after his plane went down over the country during World War II.

Columbia Goes Remote Over Safety Concerns After Gaza Protest

Columbia’s president said the change was intended to deescalate tensions and allow the university to address security concerns.

Jerry Seinfeld Reacts to ‘Curb,’ ‘Seinfeld’ Finale Backlash

“I don’t believe in regret,” the comedian said. “I think it’s arrogant to think you could have done something different.

‘Extremely Dangerous’ Russian Jamming Hit Flights: Report

Thousands of civilian airline flights are suspected of being affected.

Oil Prices Spike to $100 a Barrel