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Oil prices head higher on Iranian controversy

Posted Nov 30th 2009 5:20PM by Michael Fowlkes (RSS feed)
Filed under: International Markets, Middle East, Scandals, Politics, Oil

IranIt seems like almost every day Iran is in the news, and today is no different. Oil prices have moved higher after reports that Iranian naval vessels had stopped a racing yacht with 5 U.K. nationals aboard.

Oil is up $1.30 a barrel to $77.35, and traded up as high as $78.00 earlier in the day.

Continue reading Oil prices head higher on Iranian controversy

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