ETFs, North Africa & Oil: A Cool Arab Spring
Political uprisings in the Middle East and North Africa have spread considerably since early 2011, with Thursday marking the end of the regime (and life) of Col. Moammar Gadhafi in Libya. But ETFs with a focus on the region have been falling sharply, along with oil prices.
Stocks Rattled by Libya Unrest; Oil Prices Jump
Stocks fell sharply and oil prices spiked to their highest level in two years on Tuesday as unrest in Libya worsened.
Europe Markets Slump, Oil Prices Jump on Libya Crisis
With reports suggesting that over 200 people have been killed in clashes across the country, which have spread to the capital Tripoli, investors are getting increasingly worried about the escalating violence in one of Africa's biggest oil producers.