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Oil Price Jumps on Fear of Iranian Retaliation Against U.S.

Credit: Cheddar Inc.
Published on January 3, 2020 - Duration: 01:37s

Oil Price Jumps on Fear of Iranian Retaliation Against U.S.

Head of Petroleum Analysis at Gasbuddy Patrick Dehaan told Cheddar there is enough spare capacity within OPEC, the intergovernmental organization whose members account for almost half of global oil production, to make up for a shortage if Iran closes the Strait of Hormuz.

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