The Organization of the Petroleum Exporting Countries (OPEC) said Tuesday that its oil price rose to 100.59 dollars at the start of the week, rising above 100 dollars for the first time since September 2008, DPA reported.
The jump of 1.51 dollars per barrel (159 litres) on Monday came as worries mounted about the security of oil supplies from OPEC member Libya, where the government continued its bloody crackdown on protesters.
The rise was fuelled by reports that influential tribal leaders in Libya threatened to cut off oil supplies to the West within 24 hours if the violence did not stop.
The North African country produces 1.8 per cent of global supplies, according to OPEC statistics.
International oil companies have started flying out their foreign staff.
OPEC oil breaks 100-dollar mark
The Organization of the Petroleum Exporting Countries (OPEC) said Tuesday that its oil price rose to 100.59 dollars at the start of the week, rising above 100 dollars for the first time since September 2008.
