From BBC: US crude oil prices have hit a new two-and-a-half year high amid fears Libya could be facing a full-blown civil war. US light crude rose by $1.95 to $106.75 a barrel, the highest since September 2008, before falling back sharply.
Brent crude gained $2.43 to $118.4, close to recent highs, before it also slipped back……………………………………….Full Article: Source



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