05.08.2014 - Oil rebounds as global tensions raise supply disruption fears
Oil prices on both sides of the Atlantic climbed on Monday, as investors shifted their attention from worries about swelling supplies to concerns about ongoing violence in Libya and other global hotspots. Oil prices fell sharply last week, with the front-month of Brent crude hitting its lowest level since April, and traded lower early on Monday before bouncing back into positive territory. Brent crude gained 57 cents to settle at $105.41 a barrel, off a session low of $104.52. U.S. crude gained 41 cents to settle at $98.29 a barrel, after touching a session low of $97.43...............................................Full Article: Source
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