Oil slides to $104 as rebels take Libyan ports


Chris Kahn
MSNBC
March 28, 2011

NEW YORK — Oil prices are sliding after Libyan rebels recaptured oil ports and promised to resume exports. Much of Libya’s oil exports go to Europe.

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Benchmark crude had jumped 24 percent since mid- February as fighting in Libya squeezed off oil shipments that previously supplied nearly 2 percent of the world’s oil.

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