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Libya, Mid East in focus, seen driving up oil risks

Posted on 21 March 2011

UN-sanctioned aerial and naval attacks on Libyan air defence and ground forces at the weekend are likely to see oil prices vault higher this week, overcoming demand-side jitters stemming from Japan’s earthquake and Chinese monetary tightening.
French planes fired the first shots in what is the biggest international military intervention in the Arab world since the 2003 invasion of Iraq, destroying tanks and armoured vehicles in the region of the rebels’ eastern stronghold, Benghazi……………………………………….Full Article: Source


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