50 mins ago Wonder whether will move crude Monday. Price has had some small swings as Libya turned on/off the taps. If they get a better hold on output, OPEC will have to reduce supply to make up for a larger Libyan increase than currently.
TRIPOLI, Libya (AP) — Forces apparently loyal to a renegade Libyan general said they suspended parliament Sunday after earlier leading a military assault against lawmakers, directly challenging the legitimacy of the country's weak central government three years after the overthrow of dictator Moammar Gadhafi. Libya's leadership condemned the attack and vowed to carry on.
A commander in the military police in Libya read a statement announcing the suspension on behalf of a group led by Gen. Khalifa Hifter, a one-time rebel commander who said the U.S. backed his efforts topple Gadhafi in the 1990s. Hours earlier, militia members backed by truck-mounted anti-aircraft guns, mortars and rocket fire attacked parliament, sending lawmakers fleeing for their lives as gunmen ransacked the legislature. <more>
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