Oil rises near $98 as traders eye Libya supply cut (AP) – 61th Edition

A petrol station of Italy's energy group ENI is seen in downtown Rome February 23, 2011. ENI and Spain's Repsol halted output in Libya due to unrest sweeping Africa's third-largest producer, keeping crude prices near a 2-1/2-year high, and a pipeline bringing Libyan natural gas to Italy was closed on Tuesday. REUTERS/Remo Casilli (ITALY - Tags: CIVIL UNREST POLITICS BUSINESS ENERGY)AP – Oil prices rose slightly to near $98 a barrel Friday in Asia amid signs the crisis in Libya may have cut crude supplies less that previously estimated.

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