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Crude oil prices resume losses after a brief spike on headlines that Iranian lawmakers are...

  • Monday, July 2, 2012, 10:37 AM ET
    Crude oil prices resume losses after a brief spike on headlines that Iranian lawmakers are drafting a bill to propose blocking the Strait of Hormuz for oil tankers. WTI -2.1% to $83.16. Worth noting: There was no spike in volume to match Friday's price surge - blow-out moves typically are associated with a volume spike - and there was no shift in the time structure.
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  • I wonder who started that rumor? The Bears trying to start a little panic selling.
    2 Jul 2012, 10:41 AM Reply Like
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