Libya’s Crisis: Bad News for Oil Prices, Economic Recovery

Even before its outcome is known, Libya’s uprising could leave an indelible mark on the world economy: oil prices have rocketed since Tuesday and could rise even further amid the continuing turmoil that has prompted thousands of foreign oil workers to flee. Libya’s oil output, typically 1.7 million barrels a day, has fallen by more than half since Tuesday, and its energy exports have ground to a complete halt

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Messi double sparks Barca five-goal romp

Argentina star Lionel Messi scored twice as Barcelona thrashed Atletico Madrid 5-2 in the Camp Nou to maintain their perfect start to the Spanish league season. Messi celebrated his lucrative contract extension at Barca, sealed on Friday, with a superb display against a flagging Atletico who have made a poor start to the season.

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