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As U.S. and South Korean warships bear down, Shokri Ghanem, the head of Libya's National Oil...

As U.S. and South Korean warships bear down, Shokri Ghanem, the head of Libya's National Oil Corporation says he hopes tensions don't lead to Tripoli's using crude as a political weapon. Ghanem believes oil could rise to $130/barrel within a month if supply disruptions continue. Premarket: OIL +1.0%. BNO flat.
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  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    Shokri Ghanem, the head of Libya's National Oil Corporation says he hopes tensions don't lead to Tripoli's using crude as a political weapon

     

    What should we make of this comment " was it just an off the cuff benign remark, a veiled threat or outright hostile fact" that his remark is open to such various interpretations could lead to plenty of nervousness and price volatility which might just be what Libya wants, keep the world guessing and off balance as to how the world should deal with Libya.
    2 Mar 2011, 08:48 AM Reply Like
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