Oil in New York surged to a 29-month high of $103.41 a barrel as Libyan leader Muammar Qaddafi vowed to crush an uprising threatening his 42-year rule. The move reflects geopolitical supply-risk escalation that can tighten global crude markets and lift energy prices broadly. The article is a market-moving oil shock rather than company-specific news.
Oil in New York surged to a 29-month high of $103.41 a barrel as Libyan leader Muammar Qaddafi vowed to crush an uprising threatening his 42-year rule. The move reflects geopolitical supply-risk escalation that can tighten global crude markets and lift energy prices broadly. The article is a market-moving oil shock rather than company-specific news.
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