Turmoil in Libya Rocks Financial Markets

The Takeaway

The political turmoil in Libya has led to a spike in oil prices and jittery markets. So far American investors have not been affected by the tumult, but if oil becomes limited, this could change. Libya exports 1.5 million barrels of oil a day and there has been concern as international companies have begun evacuating employees. There is fear that if oil prices continue to rise, Americans will feel it at the gas pump. Louise Story, Wall Street and finance reporter for The New York Times explains how the markets may react.

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