Libya Chaos Pushes Oil Over $100 a Barrel

Concerns over global supply
Posted Feb 23, 2011 2:14 PM CST
Libya Chaos Pushes Oil Over $100 a Barrel
Lybia's President Moammar Gadhafi gestures during a meeting at his tent during the Africa and South America Summit in Porlamar, Margarita Island, Venezuela, Saturday, Sept. 26, 2009.   (AP Photo/Abdel Magid Alfergany)

Oil prices topped the $100 per barrel threshold today, as investors hedged their bets against a supply disruption caused by the turmoil in Libya. Crude for April delivery hit $100.01 and then retreated, MarketWatch reports.

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