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Wednesday, March 21, 2012

''IMF sees $160 oil risk despite Libyan boost''

From The Telegraph

"Barclays Capital said it remained "sceptical" about the ability of Saudi Arabia to boost output much beyond 1m b/d quickly and on a sustained basis. It also doubted that Libya will come close to its new target given the depletion rate of aging oil fields and the country's "political backdrop".

Christine Lagarde, the head of the International Monetary Fund, has warned over recent days that high oil prices risk choking global recovery before a fresh cycle of growth is safely underway."

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