Investors Worry Iran will be 2011's Libya
LorieFuller31Oil prices eased in European session but stayed at multi-month highs as tensions over Iran remained elevated. Some investors worried that the situation in Iran would replicate that of Libya last year. In 2011, WTI and Brent crude gained +6% and +12% respectively despite the sovereign debt crisis in the Eurozone because tensions in the MENA region resulted in oil supply disruption. Among the countries facing vigorous protests, the civil war in Libya probably has caused the most serious aftermath in the oil market.
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Investors Worry Iran will be 2011's Libya
