Oil Facility In Libya & Buy Penny Stocks

Stock prices is up in a day and fall in a day. 3rd March 2011, we received good news and congaturations for the 4 of the biggest penny stock gainers. Since oil prices dipped makes stock market around the world go smoothy. The Dow Jones industrial is up 50 points, and the Standard & Poor 500 (S&P) is up 21 points.

However, that's penny stock day of 3 rd. When we reach 4th March - 9:35 ET, we receive news that stock prices is down after an oil facility at Zueitina, south of Benghazi, Libya is burning. That's not enough, an oil facility is on fire in oil-rich country means to oil prices move too. Crude oil up to $103.25 a barrel. This price is the highest price since November in year 2010. Effect in buying penny stocks again.

Therefore, like Thor hammer is hit on investors in penny stocks, when the violent in Libya is still continue. When Muammar Gaddafi (leader of Libya country) command forces to battle rebels. It seems crisis in Libya is gonna widen.

Source: eWallstreeter, Reuters, Yahoo! Finance