REFILE-NYMEX-US crude ends near 2-1/2 year high on Libya

03/03/2011 10:31

U.S. crude oil futures hit the highest settlement in nearly 2-1/2 years on Wednesday as fighting in Libya intensified, raising more worries unrest could spread to other oil producers in the Middle East and North Africa. Libyan leader Muammar Gaddafi launched a land and air offensive to retake territory in Libya's east and later warned there will be a "bloody war" if the Unites States or other foreign powers such as NATO intervene. [ID:nKWStusJa] A Libyan warplane longchamp outlet dropped a bomb near an oil exporting terminal in the eastern port of Brega, helping extend the day's gains. Rebels warned foreign military help might be needed to "put the nail in (Gaddafi's) coffin" and end his long rule. [ID;nLDE721009] U.S. government weekly inventory data showed an unexpected drawdown in crude stocks and a higher-than-expected decline in gasoline stocks, also helping lift U.S. crude futures. [EIA/S] FUNDAMENTALS * On the New York Mercantile Exchange, April crude CLJ1 settled at $102.23 a barrel, trading from $99.21 to $102.41. The settlement was the highest since Sept. 26, 2008, when front month NYMEX crude closed at $106.89.Accessibility: Voice Over now reads the entire chart in stocks app while in landscape mode. Fixed issues that prevented controls from being dismissed, or that prevented the keyboard from returning when highlighting and swiping through search results ? Calendar: deleting a recurring event now make the alarm go away; fixed an all-day alarm going off an hour early. Canceled recurring CalDAV calendar events now removed on the event list. Fixed Exchange calendar event duplicating when passing Israeli daylight savings time. ? Language: updates inconsistent translations in Chinese, Finnish, Norwegian, Korean, Dutch, Polish, Portuguese; fixes auto-correction issue when switch back from Emoji to English keyboard ? Mail: fixes orientation of Mail not following device orientation under specific conditions; fixes popover when drilling into a thread while the empty search field is focused; fixes mail message view and orientation when quickly selecting a message and hitting edit mode ? Safari: addresses issue that caused browser to crash after loading certain websites.