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0 0.000493788604344626 0.000624609618988156 0.000416406412658771 0.00180442778818787 0.000659310153376354 0.000763411756541145 0.000902213894093937
Stock impact report

$166 a barrel? Middle East oil gives clue to where all prices could be headed if Iran war drags on [MSNBC.com]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: MSNBC.com
In this articlewatch nowVIDEO2:0902:09Dubai oil prices surge past WTI and BrentThe ExchangeThe extreme spike inStrait of HormuzDubai crude oil prices surpassed $166 a barrel to a new record high on Thursday, according to market data provider Platts. Dated Brent and West Texas intermediate Cushing's are trading around the $100 mark after historic runs higher.The local markets for oil are often overlooked, but are now seen as a possible precursor of what could be ahead if the conflict doesn't end soon.Dubai and Oman current prices reflect the steep severity of the shortage in the Gulf, according to Natasha Kaneva, JPMorgan's head of commodities research. But that doesn't mean the American market will be spared another sharp jump, she said."If the Strait does not reopen, this divergence is unlikely to persist," Kaneva said in a note to clients this week. "Brent and WTI will ultimately reprice higher as Atlantic basin inventories are drawn down and the global market is forced to clear at Show less Read more
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