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Monday, February 21, 2011

oil prices forecast Libya Protest

oil prices forecast Libya Protest; oil prices forecast Libya Protest : Brent crude jumped 1.75% in early Monday trading to $104.25 a barrel, its highest level since before the 2008 financial crisis. European energy companies are evacuating some staff from the country, which is a major oil and gas producer for the European market. Meanwhile shares in Italian oil firm ENI - which is active in Libya - have fallen 4.4%.

Libyan tribe threatens to cut oil exports soon
The leader of the Al-Zuwayya tribe in eastern Libya threatened on Sunday to cut oil exports to Western countries within 24 hours unless authorities stop what he called the "oppression of protesters". Read More...

Oil rises on unrest in producers
Oil rises on unrest in producersBrent crude for April delivery was up 84c at $102,48 a barrel yesterday back from a session peak of $102,90, while US crude for March delivery gained 25c to $84,57 a barrel. Protesters in Libya clashed with police and the planned release of 110 Islamist militants from jail in an apparent concession did little to quell fears that the protests could gain momentum. Read More...

Oil prices rise as Libya's Qadhafi vows fight to the end
Libyan leader Muammar Qadhafi's regime was on the brink of collapse Monday as his son vowed to fight to the last man to defend his father's 41-year legacy amid total chaos in the country where protesters seized control of several cities and towns and threatened to cut oil exports. Read More...

Arab League demands end to Libya violence
Moussa backs protestors' demand for 'reform development and change'; UK summons Libyan ambassador to condemn use of deadly force by security forces. Al-Jazeera: 61 killed in latest protests in Tripoli Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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