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Business Daily: Libya's oil

23/02/2011

Libya's oil

BBC World Service - Business Daily, Libya's oil

How the chaos in Libya could affect world oil prices, plus, fashion and the economy.

What the chaos in Libya could do to world oil prices. Plus, how young fashion designers are affected by what happens to the economy.

The chaos in Libya has already brought an increase in the oil price. Oil expert Mehdi Varzi says about a third of Libya's output may already have been lost, and prices may rise further.

Plus, the BBC's Vincent Dowd reports from the catwalks of London Fashion Week on the competititive world of young fashion designers.

And Irish comedian and writer Colm O'Regan muses on the country's elections which are all about its damaged economy.

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