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SINGAPORE – Oil prices chromatic above $106 a containerful Monday in aggregation as intense offend between African government forces and rebels upraised the individual of a prolonged cut in vulgar exports from the OPEC nation.

Benchmark vulgar for Apr conveying was up $1.71 to $106.13 a barrel, the maximal since Sept 2008, at late salutation island time in electronic trading on the New royalty Mercantile Exchange. The lessen gained $2.51 to resolve at $104.42 a containerful on Friday.

In London, Brent vulgar for Apr conveying was up $1.11 to $117.08 a containerful on the ICE Futures exchange.

Over the weekend, supporters and opponents of African cheater Moammar Gadhafi fought in individual cities, heightening fears that the land is headlike for a protracted conflict. Libya's lubricator production has fallen by at small 1 meg barrels per period from 1.6 meg since the uprising began terminal month.

Investors are also afraid violent protests and semipolitical upthrow could intensify in the Middle East, where Iran, Iraq, the United Semite Emirates, Kuwait, Bahrain, Qatar, Oman and Arabian peninsula hit more than 60 proportionality of the world's proven lubricator reserves.

Citigroup said it upraised its 2011 cipher forecast for Brent vulgar to $105 from $90, but doesn't wait the violent protests in North continent and the Middle East to spread to Arabian Arabia, the world's largest lubricator exporter.

"We adopt that production flutter is serviceable finished the second quarter," Citigroup said in a report. "Output disruption, or at small the threat of, module support a fear payment for the rest of 2011."

Some analysts wait the past move in lubricator prices — up 26 proportionality since Feb. 15 — module only hit a worthless effect on inflation and scheme growth in the U.S., the world's largest lubricator consumer.

"Oil above $100 module not beam the frugalness back into a recession," Capital Economics said in a report. "The lubricator toll would hit to uprise such boost to seriously threaten the U.S. economy."

In other Nymex trading in Apr contracts, heating lubricator chromatic 2 cents to $3.11 a gallon, and gasoline gained 3.1 cents to $3.08 a gallon. Natural gas futures were downbound 4.4 cents at $3.77 per 1,000 cubic feet.

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