Archived IMT (2009.12.18)

Watch Ashraf's take on REUTERS TV covering the latest USD rebound and how far could it go against EUR and GBP http://bit.ly/8HJBk7

Oil prices rally after Iranian forces reportedly to have entered Iraqi oil fields on Thursday. The reports were denied by Iraqi officials. Oil makes its biggest weekly rebound in 2 months, hitting $74.32 but the pattern of lower weekly highs remains intact and would only be broken after a close above $76.00