OIL:

Market news

18 March 2011

OIL:

April WTI crude has fallen back this morning from Asian highs of $103.62 to a low in Europe of $101.59, on dollar strength following intervention in the dollar-yen and crosses. But fears remain over Libya and Bahrain as the UN contemplates strikes on Libya. Crude has since picked up to $102.10 per barrel.

EU session review: Yen drops as G-7 acts to weaken currency; Libya no-fly vote spurs oil gain

UK CAMERON: Britain will respond to UN Libya resolution

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