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Markets

London Brent oil price hits $105 on Libya violence

Published Updated

LONDON: Brent oil prices soared above $105 on Monday, striking a fresh two-year peak as deadly violence in Libya fuelled concerns over spreading unrest in Arab producer states, analysts said

In late morning deals, Brent North Sea crude for delivery in April jumped to $105.08 per barrel, hitting the highest level since September 25, 2008, before pulling back slightly to $104.69.

Copyright AFP (Agence France-Presse), 2011

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