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Libya uprising rattles Wall Street

Libya uprising rattles Wall Street

The revolt in Libya is causing havoc in Wall Street as traders and investors confront the specter of higher fuel costs.

February 23, 2011 1:37 by

Despite Saudi Arabia’s efforts to calm supply concerns, Wall Street suffered its worst drop in six months Tuesday as investors dumped stocks amid fears that the revolt in oil exporter Libya will further spike oil price.

Read more: Investors may shift Gulf exposure on political unrest

Source: Reuters

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