Tuesday, March 29, 2011

Oil prices dip at the start of the week

Oil prices dipped to near US$105 a barrel at the start of the week, as Libyan rebels retook control of a two key port towns and said they would restart crude exports within weeks. Rebels recaptured oiil complexes in the coastal cities of Ras Lanouf and Brega as strikes by coalition fighter jets and missiles pushed back forces loyal to Libyan leader Moammar Gadhafi.

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