US Crude Rises on Yemen, Libya Unrest

31 May 2011 (Last Updated May 31st, 2011 18:30)

The price of US crude rose this morning amid civil unrest in Yemen and Libya, and the threat of supply disruptions. US crude gained 21¢ to stand at $102.91 a barrel, while Brent crude remained flat at $116.73 a barrel. Chaos in Yemen, which is an independent producer,

The price of US crude rose this morning amid civil unrest in Yemen and Libya, and the threat of supply disruptions.

US crude gained 21¢ to stand at $102.91 a barrel, while Brent crude remained flat at $116.73 a barrel.

Chaos in Yemen, which is an independent producer, raised concerns that protests will spread to Saudi Arabia and affect the oil markets there, reports Reuters.

Elsewhere, new hopes for a bailout package eased fuel demand in debt-laden Greece.