Syria will resist any incursion and send the aggressors home "in coffins," its foreign minister said, in comments aimed at Sunni Arab countries.» Read More
If Saudi raised oil production to 9 million barrels per day, then they've chosen a good time to do it.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
Libyans braced for mass protests Friday as the rebel movement called for a new push to oust Moammar Gaddafi after a day of fierce fighting in which rebels made new gains and advanced closer to his stronghold in Tripoli while pro-government forces attacked two nearby cities in battles that killed at least 17 people.
The world is going to become richer and richer as developing economies play catch up over the coming years, according to Willem Buiter, chief economist at Citigroup.
Protesters gather in the streets of Libya, as hospitals begin to fill up with injured and Libyan citizens pack up to leave the country.
Tweets, bleats and Al-Jazeera, and maybe new margin requirements were all part of the reason behind the big swing in oil prices Thursday.
The dollar's failure to rally in tandem with other safe-haven currencies has investors wondering if it's lost that special status.
Good King Abdullah of Saudi Arabia figures that $36 billion will buy off any potential unrest in his realm of Saudi Arabia. That's an expensive piece of cake he's dishing up.
While Mideast turmoil and the subsequent rise is a convenient excuse for the one-week equity selloff, the real catalyst may be something else, entirely.
As oil prices touch fresh highs, an official from a trade group representing convenience stores said that consumers have appeared "more confident" in recent months.
As anger spreads throughout the Arab world, retired Gen. Wesley Clark said Saudi Arabia will be the last country to see an uprising.
While some worry skyrocketing oil prices will hurt the U.S. economy, the "Fast Money" traders are taking a different view.
In light of all that has happened in Libya over the last week, it seems fair to wonder how Libyan president Muammar Gaddafi has thus far avoided suffering the same fate as Hosni Mubarak, who was forced from power in neighboring Egypt earlier this month.
The safe-haven Swiss franc touched record levels, but Asian currencies are broadly lower over worries about oil prices and supply. Your daily FX Fix, right here.
Rating agencies were hasty downgrading Bahrain without taking into consideration the long-term prospects and relying only on political factors, Rasheed Mohammed Al Maraj, Bahrain central bank governor, told CNBC Thursday.
Saudi Arabia is in “active talks” with European oil companies to meet the production shortfall left by Libya, the clearest indication to date that the leader of the Opec oil cartel is about to boost supplies to stop further rises in the oil price.
World leaders condemned Muammar Gaddafi's bloody crackdown on a revolt that has split Libya, but took little action to halt the bloodshed from the latest upheaval reshaping the Arab world.
The spread between Brent and NYMEX crude is currently around $15 a barrel and according to Jim Bianco, the president of Bianco Research, this is due to one pipeline pumping crude from Canada into Cushing near Oklahoma City.
Oil could hit $220 a barrel if "Libya and Algeria were to halt oil production together," analysts at Nomura investment bank predicted.
Libya produces less than 2 percent of the world’s oil, and exports little to the United States. But the high quality of its reserves magnifies its importance in world markets. The NYT reports.