23.03.2011 - What next for oil prices?
Will this really be - as the politicians promise - a quick and contained strike? Or like Homer’s eponymous epic, will it turn into a 10-year struggle before reaching a conclusion? Libya produces just 2pc of global oil output and 1pc of gas. Analysts argue that the market has already priced in a total loss of Libyan output so any improvement on this should be positive for the oil price..............................................Full Article: Source
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