Oil price rises to US$60 on concern over Libya supply
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London
BRENT crude oil rose to US$60 per barrel on Monday, supported by concern over a disruption to exports from Libya, but a global supply glut kept prices nearly 50 per cent off their peak for the year.
A fire caused by fighting at one of Libya's main export terminals has destroyed 800,000 barrels of crude - more than two days of the country's output, officials said, amid clashes between factions battling for control of the nation.
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