Reply #6: Oil Prices Set to Slip if Rebels Win Libya

[joshcryer]

http://online.wsj.com/article/SB10001424053111903327904576523142192923086.html">Oil Prices Set to Slip if Rebels Win Libya
A rebel victory in Libya would likely put added downward pressure on oil prices, which are already falling amid concerns about the slowing economy, experts say.

But the impact may be limited until Tripoli's new leaders manage to get the crude flowing again after prolonged fighting, which could take months.

Libya is a major oil exporter, and produces a type of crude that is particularly coveted—and has been in limited supply since the popular uprisings that swept the Arab world early this year reached the North African nation, cutting off supplies.

The rebel-controlled Arabian Gulf Oil Co. could restart up to 180,000 barrels a day within a two-week period after security is guaranteed for the facilities, a spokesman for the company said Sunday.

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