Category: Libyan
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Crude oil pops more than 3% as halt of Libyan barrels ‘cannot be easily replaced’
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Investor EmpiresSlavkoSereda/iStock via Getty Images Crude oil futures rose more than 3% on Monday after Israel and Hezbollah traded blows over the weekend and Libya’s rival eastern government said it had halted oil production and exports, adding to gains on Friday after Federal Reserve Chairman Jerome Powell said the United States…