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Oil prices will rise, Iran says, if embargo comes Oil prices will go up if European Union goes through with a total embargo on Iranian crude in July, Iran's economy minister says. IMF has warned oil prices could rise as much as 30 percent if Iran halts exports. Sun, 20 May 2012 10:23:17 -0700 GOLDMAN: Why Oil Prices Are Heading Higher And a veteran trader tells us why Goldman might be wrong. Sun, 20 May 2012 08:39:00 -0700 Seaway pipeline sends oil to Texas in historic reversal HOUSTON (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States. The first barrels went into the line about noon CDT (1700 GMT) Saturday and volumes were expected to increase within days to 150,000 barrels per day (bpd), spokesman ... Sat, 19 May 2012 13:13:04 -0700 Iranian official: Expect record oil prices over nuclear sanctions Iran's finance minister believes oil prices could rise as high as $160 a barrel thanks to sanctions over its nuclear program, a prediction that comes just as the chief of the United Nations nuclear watchdog agency headed to Tehran on Sunday for high-level talks. Sun, 20 May 2012 05:09:48 -0700 |
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