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Energy OverView November 25, 2014

Oil prices continue to firm, as the exhaustive selling of the past several weeks runs out of steam. There also market forces at work. The continuation of the Iran nuclear talks, until at least March of next year, staves off an assured wave of additional Iranian crude for now. The Iranians are chomping at the bit to ramp up exports, and they had called on OPEC (Saudi Arabia) to accommodate them.

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