FTSE down 1.2%

Blue chip stocks remained deep in the red and oil prices surged past $110 a barrel as the crisis in Libya showed no sign of easing today.

FTSE down 1.2%

Blue chip stocks remained deep in the red and oil prices surged past $110 a barrel as the crisis in Libya showed no sign of easing today.

The cost of Brent crude raced ahead amid more reports of bloodshed and violence and as the Libyan chaos forced foreign energy companies to suspend production.

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