Inside these posts: Mideast crisis

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April 7 at 6:26 p.m.
Filed under: Energy

Oil climbs above $110 on Libya, Mideast unrest

By Dow Jones Newswires

The main U.S. oil contract breached $110 a barrel for the first time in 2 1/2 years Thursday, lifted by fighting in Libya and signs of an economic recovery in the U.S.

Light, sweet crude for May delivery settled up $1.47, or 1.4 percent, at $110.30 a barrel on the New York Mercantile Exchange, the highest settlement since September 2008. Brent crude on the ICE futures exchange settled up 37 cents, or 0.3 percent, to $122.67, the highest settlement since August 2008. Get the full story »

Feb. 24 at 3:53 p.m.
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Filed under: Economy, Energy, International, Politics, Updated

Geithner: Enough oil on hand to weather crisis

By Reuters

U.S. Treasury Secretary Timothy Geithner said Thursday that there is substantial capacity across major world economies in strategic oil reserves in the event of a supply disruption. Get the full story »