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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (10485)8/10/2004 4:17:51 PM
From: mishedlo  Read Replies (1) of 116555
 
Crude futures end lower as Iraqi export concerns ease
Tuesday, August 10, 2004 7:20:39 PM
SAN FRANCISCO (AFX) -- September crude fell 32 cents to close at $44.52 a barrel on the New York Mercantile Exchange. Concerns over Iraqi exports eased following reports that "the Iraq government reportedly made a deal with the al-Sadr militia, and resumed normal pumping of crude oil," said John Person, head analyst at Infinity Brokerage Services. September heating oil fell 1.3 percent to close at $1.1698 a gallon and September unleaded gas lost 0.4 percent to end at $1.2349 a gallon. But September natural gas closed at $5.791 per million British thermal units, up 1.7 percent as storms threatened output in the Gulf of Mexico

That is weird - what is Iran doing?
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