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Stocks set to fall as protests in Libya intensify

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NEW YORK (AP) -- Stocks are headed for a sharply lower opening today as investors become increasingly worried about violent protests in Libya.

Oil prices rose 7 percent to $96 a barrel after the uprising threatened the country's oil production. Libya is the world's 18th largest oil producer, accounting for 2 percent of global daily output. It also sits atop the largest oil reserves in Africa.

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