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Oil slides to $104 as rebels take Libyan ports
Posted By MarleighJones On March 28, 2011 @ 8:44 am In World News | Comments Disabled
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.
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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