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[4 Mar 2011 | No Comment | ]

WORLD crude oil prices slipped on Thursday as investors digested Venezuela’s proposal for an international peacekeeping mission to avert civil war in Libya.
Benchmark WTI light, sweet crude oil for April delivery dipped 32 cents to close at US$101.91 (S$129.20) a barrel on the New York Mercantile Exchange.
In London, Brent North Sea crude for delivery in April, a contract more sensitive to the unrest in Libya, shed US$1.56 to settle at US$114.79 a barrel.
The slight decline in the New York WTI price came after two straight days of sharp gains added …