Friday, February 17, 2012

Oil rises to near $103 amid global stocks rally (AP)

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This image from amateur video made available by Shaam News Network, purports to show Syrian forces in Homs, Syria, Thursday, Feb. 16, 2012. As Syrian forces have stepped up their assault on rebellious cities, President Bashar Assad ordered a referendum on a new constitution that would create a multiparty system in a country that has been ruled by his autocratic family dynasty for 40 years. Regime forces on Wednesday battered rebellious neighborhoods in the central city of Homs, pushing ahead with one of the deadliest assaults of the crackdown that activists say has killed hundreds in the past two weeks, aimed at crushing a city that has been a stronghold of dissent. Black smoke billowed from an oil pipeline in the city that was hit in the fighting, with each side blaming the other for attacking it. (AP Photo/Shaam News Network via APTN) THE ASSOCIATED PRESS CANNOT INDEPENDENTLY VERIFY THE CONTENT, DATE, LOCATION OR AUTHENTICITY OF THIS MATERIAL. TV OUTAP - Oil rose to near $103 a barrel Friday in Asia as signs of an improving U.S. economy fueled investor optimism and a global stock market rally.


Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20120217/ap_on_bi_ge/oil_prices

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