New York-New York Mercantile Exchange May crude settled $1.42 lower at $103.98/b March 28 amid mixed reports of rebel suc- cess in Libya, giving longs enough of a reason to liquidate positions. Allied bombing in Libya gave rebels a renewed push in the strife-torn country, having regained control of two oil-producing regions. But rebels were under heavy fire from forces loyal to Moammar Qadhafi.
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