Oil prices fall as Libyan rebels take Tripoli

Brent crude fell by as much as $3.47 (£2.10), or 3.2%, to $105.15 a barrel before regaining some ground, the Guardian reports. Oil company shares benefited from the prospect of Libya resuming large-scale crude production, giving the FTSE 100 a much needed boost. After losing £73bn, or 5.25% of its value last week, the blue-chip index rebounded on Monday, rising by 54.54 points to close at 5,095.30. Investors bet that the potential business opportunities in Libya outweighed the decline in revenues implied by a falling oil price, sending BP and Royal Dutch Shell up by 2.2%. Petrof...