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Oil climbs despite Saudi output pledge

Posted on 02 March 2011

From AFP: World oil prices advanced on Tuesday despite OPEC kingpin Saudi Arabia’s pledge to ensure sufficient supplies to cover Libya’s production shortfall. Brent North Sea crude for delivery in April rose 67 cents to $112.47 per barrel.

New York’s light sweet crude for April, known as West Texas Intermediate (WTI), gained 35 cents to $97.32…………………………………….Full Article: Source

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