Oil prices rose nearly 3% on Monday as supply concerns sharpened on reports of escalating conflict in the Middle East as well as production cuts in Libya. Brent crude futures climbed $2.28, or 2.89%, to $81.30 a barrel by 10:30 a.m. ET (1430 GMT), while U.S. crude futures were at $77.30 a barrel, up $2.47, ...
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