Crude Rises Over $1 p/b on Libya Unrest

Brent crude futures rose more than $1 on Tuesday on concern that violence in Libya could cut more of the OPEC-member’s output and that a similar story could play out in other top oil producers in North Africa and the Middle East.  Brent crude for April delivery rose $1.13 cents to $106.87 a barrel by 0328 GMT, after rising as high as $108.18 in early trade. On Monday, Brent hit a 2- year high of $108.70.- Reuters

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