Iranian Tensions Translate into $100 Oil [video]

Oil costs have jumped on increased speak of an attack on Iranian nuclear facilities.Moreover Iranian war games in the Strait of Hormuz have increased market tensions as the world's 3rd largest exporter threatens to close the strait ought to the nation be attacked. As such, spot crude oil costs are now testing the $ 100 level.Spot crude is trading in a channel pattern from the October high and is encroaching on its upper boundary at $ 101.50. The next resistance is found at $ 103.30, even

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