Action in the energy sector was the focus of Thursday's Real Story podcast.
The recent spike in crude oil prices "is all about geopolitics," Chris Edmonds, managing principal at Energy Research & Capital Partners and a RealMoney.com contributor, says on the podcast, hosted by TheStreet.com's Editor-at-Large Aaron Task. "History suggests Iran will ultimately back down, but some risk premium is here to stay because of the overall tensions" in the Gulf.
It isn't getting as much attention as the standoff with Iran over the seized British sailors, but Saudi King Abdullah's harsh characterization of American troops in Iraq as an "illegitimate foreign occupation" is also adding to the tensions, Task adds. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.58 | 1,108.86 | 2,175.81 | 32.75 |
Oil *
79.69
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UP
126.74
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UP
13.23
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UP
31.21
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UP
0.74
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10 Yr
3.28%
SPDR Gold
117.38
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+1.23%
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+1.21%
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+1.46%
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+2.31%
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