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 Libya uncertainty

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Number of posts : 96
Registration date : 2011-07-17

PostSubject: Libya uncertainty   Tue 23 Aug 2:17

Libya uncertainty

Oil prices also rose in early Tuesday trading, as fighting continued in Libya, and because of expectations that official figures will show a decline in US crude stockpiles.

Brent was up 33 cents to $108.69 a barrel, while US light crude advanced 62 cents to $85.04.

"It could take months before oil can start to flow again from Libya," said John Vautrain, oil analyst at energy consulting firm Purvin & Gurtz.

"I think there was a lot of euphoria on Monday. But the whole country is not completely pacified yet and we don't have an organised government. A lot is lacking."fort myers florist
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