Oil Slides Back As Libyan Rebels Prepare First Crude Shipment

U.S. oil futures dipped this morning on the news that inventories in the country are at a four month high, according to Bloomberg.

Libya’s rebels may also begin exporting oil from the country for the first time today, as a tanker is now nearing one of the country’s key ports.

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All that positive supply news has sent crude tumbling in the U.S. from yesterday’s highs. Brent is also sliding in Europe.

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