Oil prices soar

Traders work in the crude oil options pit at the <a class="taxInlineTagLink" id="ORCRP001702" title="New York Mercantile Exchange" href="/topic/economy-business-finance/finance/new-york-mercantile-exchange-ORCRP001702.topic">New York Mercantile Exchange</a> in <a class="taxInlineTagLink" id="PLGEO100100804000000" title="New York City" href="/topic/us/new-york/new-york-city-PLGEO100100804000000.topic">New York City</a>. Oil prices leapt five percent today as the unrest in Libya has sparked fears that Middle Eastern turmoil could affect oil production. Oil topped as high as $98 a barrel earlier in the day.
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( Getty Imahes photo by Mario Tama / February 22, 2011 )

Traders work in the crude oil options pit at the New York Mercantile Exchange in New York City. Oil prices leapt five percent today as the unrest in Libya has sparked fears that Middle Eastern turmoil could affect oil production. Oil topped as high as $98 a barrel earlier in the day.

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