Falling by almost a dollar, light, sweet crude futures for delivery in April traded at US$101.2 on the Nymex, while April Brent crude on London's ICE Futures exchange fell to US$115.1. Crude-oil futures have dipped on rumors of Libyan leader accepting a proposal by Venezuela to create a multinational commission to mediate the crisis.
Interimly, prices also dropped on an unsubstantiated rumor that the Libyan leader had been shot along with assurances from Saudi Arabia that it can counter Libyan supply disruptions.
04-Mar-11 
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