(Reuters) – Oil prices hit fresh peaks on Wednesday, rising to their highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate rise.
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Chinese Navy announces naval exercise
The People’s Liberation Army Navy (PLAN) announced yesterday plans for a live-fire submarine warfare exercise later this week, which a government spokesperson called a “drill to test operational readiness.”
Attack on Gbagbo bunker in Ivory Coast repelled
Forces loyal to Ivory Coast presidential claimant Alassane Ouattara launched a heavy attack on Wednesday on the bunker where Laurent Gbagbo is holed up but appeared to have been repelled, a Western military source said.