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Goldman Sachs said Monday it expected tighter oil markets to propel Brent to $115 “in the very near term.”

August 20th, 2013 - 07:00 GMT

Libya, Egypt push oil prices up to $110 a barrel

“Bloodshed and unrest in Egypt and the disruption of oil supplies from Libya have put a floor under oil prices.”

The group's biggest producer, Saudi Arabia, is pumping near its highest level in three decades and said on June 11 that there may be a need to boost the target

June 14th, 2012 - 12:54 GMT

OPEC unlikely to change crude oil output quota