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Glencore seals oil deal with Libya

The logo of commodities trader Glencore is pictured in front of the company's headquarters in the Swiss town of Baar in this on Nov 20, 2012 file photograph.


TRADING house Glencore has secured a deal to buy as much as half of the oil Libya is currently exporting, market sources said, as it looks to boost trading to help offset flagging profits from mining.

For war-torn, cash-strapped Libya, the deal offers steady sales to...