Monday, March 05, 2012

Concerns over Iran's nuclear ambitions continue to haunt investors, oil prices rebound

Concerns over Iran's nuclear ambitions have returned to haunt investors. Oil prices, sliding since Monday on profit-taking and worries that high energy costs could erode demand, have recoiled. New Yorrk's main contract, light sweet crude for delivery in April, saw marginal gains to rise to US$106.

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