Crude oil jumps amid Iranian tensions and Greece's bailout deal

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Source: Forexpros
Crude oil futures added to yesterday's gains as traders increased long-positions in the commodity amid Iranian supply threats and long-awaited Greek bailout deal.  Speculation that Israel plans to attack Iran also contributed to an increase in the oil price. Light, sweet crude oil April contract traded at 105.16 US Dollars per barrel on the New York Mercantile Exchange, soaring 1.5%.


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