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By Florence Tan SINGAPORE (Reuters) - Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes on oil facilities in Libya. In a move widely seen as showing Saudi Arabia's confidence in a recovery of demand, the OPEC kingpin raised the official selling prices (OSPs) for its oil deliveries to Asia and the United States on Tuesday. "This is a sign that prices have bottomed out because it means Saudi is confident in raising prices without being afraid of losing market share," said Tony Nunan, a risk manager at Mitsubishi Corp in Tokyo. In the past seven weeks, Brent crude has risen from a six-year low to hold above $60 a barrel despite continued concern about a global oversupply.
WASHINGTON (AP) — A new Justice Department report says blacks in Ferguson, Missouri, are disproportionately subject to excessive police force, baseless traffic stops and citations for infractions as petty as walking down the middle of street.
French nuclear group Areva on Wednesday confirmed record net losses in 2014 of 4.8 billion euros ($5.3 billion) after it was forced to absorb costs linked to project delays. Areva has taken a particular hit in the past year from delays in building its Olkiluoto 3 nuclear plant in Finland, as well as difficulties with its renewable energy contracts. The company, which is 87-percent owned by the French state, has suffered in recent years as interest in nuclear power has cooled following the 2011 Fukushima catastrophe in Japan. Areva announced in October that it would cut investments and step up sales of non-strategic assets as it tries to shore up its finances.