Tuesday, March 29, 2011

Oil eased at end of week, linger around US$106 on Middle Eastern political tension

Oil futures eased at the end of last week, but continued to linger around US$106 as political tensions continued to blaze in the Middle East. One of the latest developments in the Middle East crisis hhas seen members of the North Atlantic Treaty Organization (NATO), reportedly reach an agreement to take over enforcement of the United Nations-sanctioned no-fly zone over Libya.

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