Stocks Fall as Tensions in Libya Continue

By: Associated Press
By: Associated Press

Stocks are opening lower and oil is rising to a fresh two-year high as violent protests in Libya continue.

Libyan leader Moammar Gadhafi called on supporters to attack anti-government demonstrators. That's led to widespread chaos and shooting in the streets.

The unrest sent oil up $1.63 to $97.06 a barrel. Libya is the world's 15th largest exporter of crude, accounting for 2 percent of global daily output. Many traders are worried the revolt could threaten Libya's oil production.

In early trading, the Dow Jones industrial average is down 12, or 0.1 percent, at 12,200. The Standard & Poor's 500 index is down 2, or 0.1 percent, at 1,314. The Nasdaq composite index is down 5, or 0.2 percent, at 2,751.

On Tuesday, the Dow fell by 178 points - its biggest drop since Nov. 16.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 116736304 -
Gray Television, Inc.