OIL - The Libyan crisis pushing OPEC to increase production

"Leading members of the Organization of Petroleum Exporting Countries (OPEC) followed the Saudi example and increased production to ease soaring prices and to allay fears of an energy shortage in the West," writes the British daily Financial . "This decision, taken backstage by Kuwait, the UAE and Nigeria, reflects a growing malaise facing the threat of soaring prices for the world economy, while sinking into Libya the crisis.

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