Monday, March 28, 2011

Oil of Libya

Since the rapid advance of rebel fighters at Libya, oil town Brega is captured. The US Treasury has given the green light to sales of Libyan crude oil from rebel-held territory, saying rebels are not part of Col Gaddafi's regime and therefore are not subject to US sanctions, AP news agency reports.UAE steps in to help make for lost Libya output, which causes a fall for crude oil futures.

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