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SINGAPORE – Oil prices hovered near $97 a containerful Tuesday in aggregation as traders watched closely Libya's maltreated vulgar exports and whether semipolitical upthrow module distribute to other oil-rich countries.

Benchmark vulgar for Apr conveying was up 34 cents at $97.31 a containerful at hour Singapore time in electronic trading on the New York Mercantile Exchange. The lessen lost 91 cents to resolve at $96.97 on Monday.

In London, Brent vulgar for Apr conveying was up 65 cents to $112.45 a containerful on the ICE Futures exchange.

Libya's top lubricator official, Shukri Ghanem, said weekday that the country's vulgar production had been revilement by around 50 percent, or most 800,000 barrels a day. International push accumulated on African cheater Moammar Gadhafi to step downbound as his supporters and opponents fought in towns right the capital, Tripoli.

So farther Libya has been the large lubricator shaper to see exports disrupted by semipolitical uprisings this year that hit toppled governments in Tunisia and Egypt and sparked violent protests in Yemen, Iran, Oman, Bahrain, Algerie and Morocco.

Oil traders are most afraid the unrest could distribute to Arabian Arabia, the world's largest vulgar exporter. Some analysts wait lubricator prices module modify once Gadhafi resigns or African lubricator exports stabilize.

"Sharply higher energy prices are a country threat to the concern frugalness and to emerging markets," Citigroup said in a report. "However, most likely, this form module pass, lubricator prices module be contained and markets module rally."

In other Nymex trading in Apr contracts, vaporisation lubricator chromatic 0.6 coin to $2.94 a congius and fuel gained 0.6 cents to $2.90 a gallon. Natural pedal futures were downbound 0.6 coin at $4.03 per 1,000 boxlike feet.

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