Economy

Demeter

(85,373 posts)

32. Stephen King - Oil is the new Greece

Wed Mar 7, 2012, 08:41 AM

Mar 2012

As Barack Obama and Benjamin Netanyahu discuss next steps regarding Iran, investors are becoming increasingly jittery. At one point late last year, the Brent oil price was around $90 a barrel. Now, even after falling on Tuesday on news that talks with Tehran were to be reopened, it is still well above $120, reflecting both renewed economic optimism and fears over how, precisely, Iran’s nuclear ambitions can be contained.

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http://link.ft.com/r/QM42II/8ZFPUZ/RP6QL/R38H9O/PFAN75/OS/t?a1=2012&a2=3&a3=7

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