Sunday, March 6, 2011

Oil supply fears slow down Spain

US crude oil has reached $105 a barrel line to reach its highest level since September 2008 as worries about supply disruption have increased due to deepening unrest in Libya.
Oil depots in the country, have been attacked and the continuing instability which has slowed production there, is hitting investor confidence.
In Spain, fears of a shortage in the oil supply has caused the government to take innovative measures.
Al Jazeera's Sonia Gallego reports from Madrid, Spain.