Oil rose on Friday with Brent crude near $116, and analysts saw the risk of another price spike as unrest bubbled across the Middle East and western powers continued a military campaign in Libya.
Friday protests were planned in Yemen and Bahrain, and investors kept a close eye on Syria, where at least 37 have died following protests against the government of President Bashar al-Assad.
Western warplanes struck Libyan ground forces on Friday, pursuing a campaign that has yet to deliver a crippling blow to Muammar Gaddafi's tanks and artillery.
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