Ali Zeidan

Brent crude oil looked poised to end the week on a low note on Friday morning as it traded at $108.52 at 5:15 GMT. The commodity was weighed down by rising speculation that the US Federal Reserve was prepared to taper its stimulus spending at its meeting next week as well as the possibility that...

Brent crude oil slipped below $111 on Friday morning to trade at $110.66 at 5:15 GMT. The commodity was under pressure from US inventory data which showed an unexpected rise, however losses were mitigated by rising tension in OPEC producer, Libya. According to CNBC, the Energy Information...

Brent crude oil came down from a four week high on Friday morning after spiking on news that Republicans had offered a deal that could end the budget battle. The commodity traded at $111.54 at 5:24 GMT as investors looked for further movement in the US' debt standoff. After Republican leaders...

Geopolitical tension pushed Brent crude oil prices towards $110 after news that Libya's Prime Minister was kidnapped. The commodity traded at $109.86 as concern about new supply interruptions from Libya supported prices. Reuters reported that armed men broke in to Libyan Prime Minister Ali Zeidan'...

Libya’s Prime Minister Ali Zeidan was briefly kidnapped on Thursday morning when gunmen broke into his Tripoli hotel room. The incident came shortly after US forces conducted a raid in which they seized Libyan Abu Anas al-Libi, a suspected al Qaeda member who participated in 1998 embassy...