Fundamental Oil Report (2011-12-28)

28 December 2011 @ 03:33 am EDT

NewsCrude oil struggles after yesterday's good gains
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AnalysisCrude oil soared yesterday on reports that Iran would stop any flow of oil through the Strait of Hormuz, which threatens the global oil supply and pushed crude strongly to the upside breaching $101 levels, also, the better than expected consumer confidence in US helped crude as well.

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