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Chavez Setback May Pinch Oil Prices

Stock quotes in this article: XOM , COP  

Democracy caught a break in Venezuela over the weekend, but will the oil market?

It's hard to tell so far, but the answer seems to depend on the time frame in question and who's asked.

Venezuela, the fifth-largest oil-producing member of the OPEC cartel, provides the U.S with about 12% of its daily oil needs, a fact that the country's loudmouth president, Hugo Chavez, has long exploited politically with vocal threats to cut off supply of the black gold to America. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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