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Israel & Iran, Chevron, U.S. homes prices Vialoux
Posted on June 24, 2008
U.S. equity index futures are lower this morning. Dow Jones Industrial Average futures are off 31 points in pre-opening trade. Geopolitical concerns continue to weigh on equity markets. Rumors that Israel is preparing an attack on Iran are circulating. Crude oil prices are responding by gaining another $1.09 to $137.83 U.S. per barrel. News of a labour strike at Chevron s Nigerian operations also is boosting crude oil prices. The Dow Jones Industrial Average is testing support set in March at 11,731.60 and support set in January at 11,634.82.News about declining U.S. home prices also weighed...
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