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Oil boosted by Iran and China moves

2012-02-20 21 Dailymotion

Iran's decision to halt oil exports to British and French companies helped push the price of Brent crude to its highest in eight months<br /><br />It went above $121 a barrel on Monday as Tehran retaliated for a European Union oil embargo over its disputed nuclear programme.<br /><br />However Iran exports only very small amounts to the UK and France and European oil buyers cut their purchases months ago.<br />...<br />http://www.euronews.net/

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