Intraday Market Thoughts

Archived IMT (2009.12.18)

by Ashraf Laidi
Dec 18, 2009 14:01

Watch Ashraf's take on REUTERS TV covering the latest USD rebound and how far could it go against EUR and GBP

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


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