U.S. officials say that current oil stockpiles were adequate to meet supply disruptions, and Saudi Arabia says it's prepared to make up the shortfall in Libyan oil production. Those assurances appear to be helping bring down the price of crude, which at one point was trading at $103.41 a barrel. The latest price is $97.28. The drop in oil is helping bring back the stock market because it lessens the fears that the economy might get derailed. But with less than a half hour left in the session the Dow is still down about 30 points.
*Dow finishes day down 37 points.

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   Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.
Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.