Oil futures rise after airstrikes hit
Libya
, and
Barclays sees recent events keeping oil production in the country shuttered. "The
airstrikes can clearly result in a significant deterioration of the already
unstable situation," firm says. "
Libya
will
be out of the oil market for a protracted period of time."
Barclays says
global demand isn't slowing, and until it does, problems in
Libya
,
Bahrain
and
other oil-rich regions will keep oil prices volatile.