LIBYA

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ICC prosecutor to probe Libyan violence

The International Criminal Court prosecutor said on Wednesday he would investigate the violence in Libya after the U.N. Security Council referred the case to the Hague-based war crimes tribunal.
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Gold holds at record high as Mideast simmers

Gold prices held just below the previous session's record high in Europe on Wednesday, as the acceleration of global inflation and the threat that violence in the Middle East and North Africa will spread supported interest in the metal as a haven from risk.
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UN calls for massive evacuation of Libya

The United Nations has called for an epic humanitarian evacuation of people seeking to escape Libya for Tunisia, citing the “crisis point” conditions at the border between the two countries.
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Gold surges to record on Libya, political unrest

Spot gold rallied to a record of $1,432.10 an ounce, surpassing its previous record of $1,430.95 set on December 7, as chaos in Libya and political turmoil in the Arab world prompted safe-haven buying and soaring oil prices boosted bullion's inflation hedge appeal.
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Libyan crisis leads to cut in OPEC output: survey

OPEC output fell in February from a two-year high the previous month as the uprising in Libya curbed supplies from Africa's third-largest producer, even as Saudi Arabia pumped more, a Reuters survey showed on Tuesday.
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As U.S. Ships Approach Libya, Critic Blasts Possible Military Action

As the United States moves military ships toward the Mediterranean Sea and officials discuss the possibility of imposing a no-fly zone over Libya, Venezuelan President Hugo Chavez said it was irresponsible to consider all options to resolve the situation there, including an invasion.
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Libyan oil head says oil sites undamaged

Libya's oil installations are undamaged and a cut in the country's oil output was caused by the departure of oil workers, the chairman of Libya's National Oil Corporation said on Tuesday.
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Us warns of Libya civil war if Gaddafi stays

Libya could descend into civil war if Muammar Gaddafi refuses to quit, the United States said on Tuesday, its demand for an end to his rule carrying new weight after word of unspecified Western military preparations.

Gold rapidly closes in on all-time high as dollar weakens drastically

Spot gold rose to a session peak at $1,421.35 an ounce and was up 0.6 percent at $1,419.66 an ounce by 1240 GMT. It rose 6 percent in February, its largest monthly rise since August, when the U.S. Federal Reserve first indicated that it would continue the massive money printing by monetizing government bonds.
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Wall Street lower as crude oil jumps

U.S. stocks traded lower on Tuesday as a jump in oil prices renewed fears of hampered economic activity, offsetting a positive reading on manufacturing.
Libyan oil assets will suffer damage in political end-game: analyst

Libyan oil assets will suffer damage in political end-game: analyst

Crude output in Libya has fallen to levels significantly below its normal 1.65 million barrels per day (bpd) output, and well below its 1.47 million bpd OPEC production quota in the aftermath of violent anti-government protests, according to a senior energy analyst at IHS Global Insight.
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Stock futures suggest higher open

U.S. stock index futures pointed to a positive open on Tuesday but gains could be capped by a jump in oil prices as investors awaited testimony from U.S. Federal Reserve Chairman Ben Bernanke.
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Oil rises on supply concerns; world stocks up

Oil prices rose back above $112 a barrel on Tuesday due to concerns over unrest in the Middle East, though stock markets shrugged off the move, preferring to focus on optimism over the outlook for the U.S. economy.

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