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Reuters reports that on Friday, U.S. crude oil futures plunged after Libya declared a ceasefire.
Reuters reports that on Friday, U.S. crude oil futures plunged after Libya declared a ceasefire.
The market news is quoted as saying:
Losses were trimmed near the close after U.S. President Barack Obama warned Muammar Gaddafi that military action will ensue if Libya did not obey the U.N. demands.