Threats of Violence in Middle East Drives Oil to $92/bbl.
Israeli tourists in Bulgaria were killed by alleged Iranian backed Hezbollah, resulting in more threatening speeches by Israeli PM Netanyahu. Oil rose to $92/bbl, up nearly $3. OPEC quietly cheers since they have a $95/bbl target and the higher price helps Iran pay for nuclear weapons power. Meanwhile, Greece, Japan, and several other countries are
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Comments 1
Yes, a letter.
In other news, oil fell to $91/bbl on Friday trading.
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