Oil rises as Gaddafi bombs infrastructure

Ras Lanuf: bombing by Gaddafi's forces damaged storage tanks at the refinery in the rebel-controlled city

EPA/KHALED EL FIQI

By News Wires

 10 March 2011 04:02 GMT

Brent crude rose 0.5% towards $117 today after forces loyal to Libyan leader Muammar Gaddafi bombed oil industry infrastructure, inflicting what could be longer-term damage on the country's exporting capacity.

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