Oil trades around $29 in Iran re-entry panic!

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Asian Stock market HIT again...not going to be nice tomorrow for the Dow!

CNBC ^ | 01/17/2016 | Huileng Tan
Oil prices were sharply lower in early Asian trade, extending a brutal sell-off fueled by fears of a glut from Iran, after international sanctions against the country were lifted at the weekend. U.S. WTI light sweet crude oil prices were recently trading 1.5 percent lower at $28.99 a barrel, after falling 3.6 percent to hit the session's low of $28.36 barrel, while European Brent crude was last 1.6 percent down at $28.47 a barrel after falling 4.4 percent to $27.67 a barrel. Both grades were moving in the range of prices not seen since late 2003 after falling about 6...
 
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