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Libya's crude production is again imperiled, but an oversupplied market doesn't seem to mind
Libya's oil miracle looks like the latest victim of the factional violence that has rent the country to pieces since the 2011 uprising and fall of former dictator Moammar Gadhafi.
WASHINGTON — The stunningly improbable return of oil production in Libya, right in the middle of a civil war, is one of the reasons crude prices have been tumbling. But now this Libyan crude renaissance looks to be ebbing -- with potentially nasty consequences for Libya and a fresh dose of uncertainty for an already rattled oil market.