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Oil talk making the rounds

By   || February 19, 2010 at 16:46 GMT
|| 1 comment || Add comment

Traders report that German banks are telling clients to cover shorts in the oil market. Potential supply disruptions are being touted, presumably as Iran continues to ramp up nuclear development. The IAEA has taken a much tougher line with Iran of late and jitters are beginning to rise that action may be at hand.

Oil trades at 79.68, up 0.60 on the day.

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One Response to “Oil talk making the rounds”

  1. Steve on February 19th, 2010 16:57 GMT

    You can smell the Euro Fear!

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