If the jump was caused by this Iraqi statement (Bold): ....
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<<<<U.S. Denies Iraqi Report of Shooting in No-Fly Zone, AFP Says
----Washington, Feb. 18 (Bloomberg) -- The U.S. Defense
Department denied an Iraqi report that Iraqi anti-aircraft
gunners shot at U.S. and British airplanes patrolling the
northern Iraq no-fly zone, Agence France Presse reported. The
initial report, from the official Iraqi news agency INA, said 10
formations from the joint U.S.-U.K. patrol force attacked Iraqi
anti-aircraft positions and they returned fire, AFP said. In
Washington, however, a Defense Department official said there was
no incident, AFP said.
Iraq's President Saddam Hussein Monday warned his southern
neighbors, Saudi Arabia and Kuwait, that there would be
consequences if they did not stop letting U.S. and U.K. military
aircraft use their bases to patrol the no-fly zone in southern-
Iraq, reported Kuwait's official news agency KUNA. >>>>>>
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....and if this is just Iraqi inflation of another small incident, or if it settles down quickly as usual, this Oil/OSX rally may be short lived.
regards,
diana
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