Brent crude falls as Libya production drops

Source: Bloomberg
© Scanpix/RS
The European benchmark Brent crude declined on Friday after production in the Africa's largest oil producer, Libya, declined from 350,000 to a level of 200,000 barrels per day amid a shut-down of a pipeline caused by protestors. Brent for delivery in April fell as much as 19 cents to $108.33 per barrel on the London's ICE Futures Europe exchange.

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