A frenetic search for survivors — or bodies — ensued in eastern Libya on Tuesday after a Mediterranean storm lashed the OPEC member’s shores, with dams collapsing and triggering floods
Oil prices moved sharply higher on Tuesday, lifting the futures contract to a 10-month closing high. With traders betting on a likely shortfall in supply following the recent decision by Saudi Arabia and Russia to extend their voluntary output cuts to the end of the year, oil prices surged higher today.
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