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Iran and Libya Could Trigger Global Imbalance in Oil Supply

Energy analysts warn that the return of Libyan and Iranian oil could disrupt the global oil market. MLV & Co. Senior Energy and Natural Resource Analyst Michael Peterson tells TheStreet's Joe Deaux that this is one of the first years in many that analysts aren't expecting for a robust upward movement in oil prices. Peterson says Iran and Libya could have an impact on the U.S. WTI trade later this year, but he adds that the first quarter of 2014 may be unaffected.