Oil sells off as traders calmly look beyond the bombs in the Middle East
NEW YORK — If oil prices are any measure, Iran just flinched.
The price of oil tumbled Monday afternoon in an historical move as traders bet that Iran's decision to bomb a U.S. base in Qatar signals it is not planning to do the one thing that could really hurt America: Shut down the flow of oil by attacking crude shipments.
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U.S. Oil Producers Rushed to Hedge… Just in Time
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