April crude oil prices kicked off the beginning of March on a solid note, supported by ongoing concerns that Libyan unrest could spread to other regions in the area and further disrupt oil supplies. This uncertainty comes despite repeated reassurances from Saudi Arabia of greater oil production to compensate for the Libyan supply disruption. However, Libyan crude oil exports have grinded to a halt from the drop in production and bad weather. The IMF indicated that higher crude oil prices for an extended period of time could hurt growth and that each $10 per barrel increase in price could trim 0.25% off of growth rates.