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LONDON (AFP) – New royalty lubricator prices shortly impact $101 on Wednesday, as African cheater Moamer Kadhafi's program loyalists clashed with contestant rebels, patch safe-haven metallic struck additional achievement broad point.

New York's light course vulgar for April, famous as West Texas Intermediate (WTI), shortly rallied as broad as $101.47 per barrel. It after stood at $100.34, up 71 cents from Tuesday's approaching level.

London Brent North Sea vulgar for conveying in Apr gained decade cents to $115.52 per barrel. Brent oil, which soared terminal hebdomad near to $120 as tensions increasing in Libya, trades at a super payment to WTI because of broad US reserves.

Meanwhile on Wednesday, Kadhafi's forces clashed with contestant rebels and attempted to get back control of the orient lubricator town of Brega, patch he warned that the nation was way for a brutal bloodbath.

"The continuing unrest in Libya and another Arab countries is allowing lubricator prices to uprise further," said Commerzbank shrink Carsten Fritsch.

The US government's Department of Energy is also set to publicize its weekly lubricator inventories report.

"The effect on the mart should be restricted presented the events in Libya. High inventories in the US suggest a persistently broad toll notch between Brent and WTI," additional Fritsch.

Investors remain very worried most unrest comprehensive crossways lubricator producing countries and disrupting supplies from the Middle East and North Africa.

"Clearly everyone is concerned" most disturbance in the Middle East and North Africa, said John Vautrain, evilness chair for Purvin and Gertz planetary forcefulness consultants in Singapore.

Gold prices surged to a newborn achievement broad on Wednesday, driven by safe-haven purchase amid ferocious unrest in Libya, and as the note lapse against field competition currencies, traders said.

Record-breaking metallic leapt as broad as $1,438.30 per ounce on the author Bullion Market at most 1500 GMT.

And miss metal grayness scored $34.90 an ounce, which scarred the maximal take in 30 years.

"Gold impact a newborn achievement broad again today as risk aversion took hold in the mart ... as Libya looked same descending in to subject war," said shrink Ian O'Sullivan at business sporting assemble Spread Co.

"The weaker note is helping to displace the toll of gold, as substantially as the usual broad obligation for safe haven purchase with the underway Middle East status and inflation concerns.

"Silver also impact a newborn 30 assemblage broad as the obligation for grayness also continues unabated."

A struggling US organisation crapper make dollar-priced commodities same metallic and grayness cheaper for buyers retentive competition currencies.

The wanted metals draw capableness in nowadays of geopolitical disturbance because they are regarded by some investors as a safe haven.

Oil prices hit been soaring after favourite uprisings toppled the cheater of Tunisia in January, followed by long-time strongman Hosni Mubarak of empire in February.

Libyan cheater Moamer Kadhafi is now conflict a rebellion against his four-decade-old rule, patch protests are rocking another parts of the oil-rich region, including Yemen and Oman.

Western powers on weekday weighed whether military state was a viable choice against Kadhafi.

Clashes also took place weekday between protesters and security forces in Iran, the world's fourth-largest lubricator producer.

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