U.S. Oil Prices Two and Half Year High

LA Times reports that on Wednesday, U.S. oil prices rose to new two and half year high.

The market news is quoted as saying:

The International Energy Agency estimated that as much as one million barrels of Libya’s total 1.6-million-barrel daily crude production now is shut-in. But Saudi Arabia has pledged to make up the difference, and the IEA said “some European refiners indicate there is ample crude until at least the end of March.”

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