Friday, February 25, 2011

Oil Prices Recede on OPEC Assurance;-AIG-Swings-to-Profit&id=43073

U.S. stock futures gained after crude oil declined and OPEC member nations assured of higher supply to meet any shortfall from Libya. International Energy Agency also said it will release from its stockpile. Unrest and disruptions in Libya and Bahrain continue.

World indexes rose after crude oil prices declined as Saudi Arabia confirmed to increase oil supplies if needed and the International Energy Agency said it will release oil from its stockpile. Libya remained tense and protests continued in Bahrain.

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