Monday 7 April 2014

Oil prices fall after agreement to lift Libya blockade - FT.com

Oil prices fall after agreement to lift Libya blockade - FT.com:



"An agreement to open long-blockaded petroleum facilities in Libya edged oil prices lower in international markets on Monday amid expectations of an increase in global supply.



Libyan authorities and a rebel group in the country’s east signed an agreement on Sunday to allow the opening of two of four blockaded oil terminals, the first such deal between officials in the capital and a group of armed men led by Ibrahim Jadran, a former petroleum facilities chief."



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