As the Middle East civil unrest continues, European airlines have been hit by a rising oil price and been required to cancelled flights to Libya. Futures for April delivery in New York rose by nearly 10%, with the spot price for Gulf Coast jet fuel up 6 cents to $2.86 a gallon and the benchmark price for crude was up 5.5% to $94.58 — its highest price in more than two years. Analysts are expecting London-traded Brent to surge as high as $110 a barrel in the next few weeks. Speaking at the ICBI Aircraft Finance and Commercial Aviation conference

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