Libyan Oil Exports Almost Halted -IEA

Libyan oil exports have been "ground to a halt," according to the International Energy Agency, as reported by the Associated Press. The AP story can be found here.

A major oil etf (NYSE: OIL) traded over 3.5% lower this morning versus yesterday's closing price. U.S. markets traded over 2.4% lower than yesterday's close, partially due to the nuclear accident in Japan.