OGJ NEWSLETTER

Oil markets are feeling a sense of deja vu this week. Just as OPEC prepares to meet this week in Vienna, one of its members is ostracized by most of the world and facing a possible embargo of its oil exports. Despite first quarter concerns about a supply glut and sliding prices, the flap over Libya's refusal to turn over suspects in terrorist airplane bombings has helped firm oil prices in recent weeks. Earlier this month Nymex crude topped $20 the first time since mid-December 1991.

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