Stocks Down, Oil Jumps as Libya Crisis Deepens

The FTSEurofirst 300 index of Europe’s top shares fell by a full percent Tuesday and U.S. stock futures declined as the revolt in Libya has investors nervously sitting on the sidelines. U.S. crude futures hit a 2-1/2 year high on concern the Libyan violence could cut more of the OPEC member’s output.

Source: Reuters

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