| From Xinhua: U.S. crude oil price fell on Thursday from its two and half year high as efforts for Libya's peace eased investors worries. On Thursday, a spokesman for Venezuelan President Hugo Chavez said the Libyan government has accepted Venezuela's plan for an international commission to seek a solution to its turmoil. The statement came after Arab League Secretary-General Amr Moussa earlier said the plan was "under consideration."
This gave oil traders and investors hope for a solution to the Libyan crisis, so the concerns about long-term supply disruption have been eased...........................................Full Article: Source
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