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JCMach1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-28-07 11:02 PM
Original message
Iran crisis spooks oil market
Source: Reuters

...On Tuesday, a false rumour of a clash between Iran and the US Navy jolted oil prices up $5 to a six-month high above $68.

Washington dismissed talk of a skirmish and prices eased, but lingering fears, tied partly to the standoff over Iran's detention of British Royal Navy personnel, pushed prices back near $65 a barrel...

Read more: http://gulfnews.com/business/Oil_and_Gas/10114384.html
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-29-07 01:01 AM
Response to Original message
1. Any market driven by rumors...
To such a degree, is a market in need of re-regulation.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-29-07 10:00 AM
Response to Original message
2. Shades of things to come. nt
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StarryNite Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-17-07 06:11 PM
Response to Original message
3. More good news
Not
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