Libya only supplies  1.7 million out of the 80 million barrel oil requirement daily and most of it is to Europe. The thing driving up oil prices i believe is the uncertainty surrounding the oil producing countries, which country will go next after Libya

imo, the situation in middle east wont extend to long as US and europe will most likely to do something as it will impact them more compare to us in asia. Most of Gadhafi's assets has been frozen and he is now not allowed to leave the country. this shows signs that actions is taken. hence, i think most likely this issue will end sooner that we thought.

on the other hand, air asia might be giving out dividend which i will affect the price. but nothing is confirm yet as some said air asia might use the profit to invest into its business. anyhow, any decision will be made next week so lets wait and see what happen.

but i think i'll wait for the announcement before i stock up i believe it will continue to grow till RM3

The edge confirmed yesterday Airasia will not be part of CI index.