Libyan Export Decline and Fed Speculation Propel Oil Above 70 Dollars
Oil prices surged over 2%, with West Texas Intermediate settling above $70 a barrel, driven by slumping Libyan exports and expectations of aggressive Federal Reserve rate cuts.
Oil prices surged over 2%, with West Texas Intermediate settling above $70 a barrel, driven by slumping Libyan exports and expectations of aggressive Federal Reserve rate cuts.
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