News bites: High radiation levels found at stricken Japanese reactor, oil prices drop, and more

Here’s the latest update on the nuclear disaster in Japan, via The New York Times:

“Highly contaminated water is escaping a damaged reactor at a crippled nuclear power plant in Japan and could soon leak into the ocean, the country’s nuclear regulator warned on Monday.”

Tests at the Fukushima Daiichi nuclear plant in Japan found radiation at 100,000 times normal levels.

Meanwhile, a top United Nations climate official is closely following the fallout from the disaster.

Fears of supply shortages from Japan have spooked a number of American businesses, including a California-based smart grid company.

And oil prices went down slightly on the news that Libyan rebels would resume exports some oil from the country.