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Byline: The Nation.
Amid the growing tensions in North Africa and the Middle East, oil prices have been moving upward in a broader trend. The oil market is very complex, involving economic, financial and geopolitical factors, among others. Crude for April delivery, however, rose as much as US 1.86 to 100.37 a barrel in electronic trading on the New York Mercantile Exchange and was at 101.28 in Singapore yesterday afternoon. This followed reports that the Arab League is studying a plan to end the violence in Libya, which has cut crude supplies, Libya is Africa's third biggest producer.
The crises in North Africa and the Middle East started off in Tunisia before …