Crude to cool down once MENA woes subside: FACTS Global

In an interview with CNBC-TV18's Mitali Mukherjee and Sonia Shenoy, Praveen Kumar of FACTS Global said crude prices may remain buoyant till the Libyan tensions persist.

Brent crude climbed 1.5% on Monday towards USD 116 after western forces launched a military campaign against Libya, stoking fears that violence will intensify in North Africa and the Middle East, source of more than a third of the world's oil.
However, Kumar expects prices to cool down once Middle East and North Africa (MENA) region tensions subside.