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Summary Crude oil prices rebounded strongly amid ongoing political unrest across Middle East.
World oil prices rose sharply Thursday as trader sentiment was jarred by simmering geopolitical tensions in the Middle East and North Africa, particularly in Libya and Syria.In London midday trade, Brent North Sea crude for delivery in May added $1.07 to $116.20 a barrel. New Yorks main contract, light sweet crude for May, won 99 cents to $105.26. Crude oil prices rebounded strongly amid ongoing political unrest across Middle East that continue to raise concerns about the oil supplies for the near-term, said Sucden analyst Myrto Sokou.Libyan rebels fought running street battles on Thursday for the eastern town of Brega, with forces loyal to Moamer Kadhafi driving around and shooting at people.
