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Opec to lift output as oil crisis deepens

Posted on 08 March 2011

From Telegraph: Oil’s march towards $120 a barrel sparked a frantic day across financial markets, as Opec members prepared to increase production and investors seeking a “safe haven” drove the price of gold to a fresh high.
Fears were intensified as Libya witnessed a day of fierce clashes between forces loyal to Colonel Gaddafi and those trying to topple his dictatorship, while in Saudi Arabia, the region’s biggest oil producer, activists renewed calls for a day of protest later this week……………………………………….Full Article: Source

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