Libya unrest raises oil concerns

As unrest continues, there is global concern about the effect it may have on oil prices.

    The unrest in Libya is the first time that the changes sweeping the Arab world have hit a major oil producer and there are fears that a spike in oil prices could hurt the fragile global economy.

    While Libya only produces two per cent of world oil production, 85 per cent of that is sent to Europe.

    Al Jazeera's Nick Spicer reports from Berlin, Germany.

    SOURCE: Al Jazeera


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