Oil Prices Rebound Above $103 On Geopolitical Risk - Presented by: The Aol. On Network

Oil prices rebounded slightly on Monday as traders gauged the possibility of more sanctions against Russia and more violence in Libya. By mid-afternoon in Europe, benchmark U.S. crude for August delivery was up 45 cents to $103.58 a barrel in electronic trading on the New York Mercantile Exchange. Washington announced new sanctions last Wednesday on Russia, including its biggest oil company, over Moscow's support for separatist forces in Ukraine.



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