Oil price fell 2weeks low on returning Nigeria, other supplies

Oil prices fell to roughly two-week lows on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria fueled concerns that the global glut will persist. Benchmark Brent crude futures fell below the $46-a-barrel mark, trading down 1.7 percent at $45.79 a barrel, down 80 cents, at 1045 GMT. U.S. West […]

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Pres. Obama to propose $200 million to battle Islamist militants in Africa

U.S President Barack Obama is proposing about $200 million in new military spending to confront Islamist militants in north and west Africa, U.S. defense officials said ahead of Tuesday’s budget rollouts for the next fiscal year, according to Reuters. U.S. officials declined to specify to which nations the funding would be directed. The disclosure comes […]

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