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5 Ways to Beat the Fed (and Crush Inflation)
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Tags: Oil

No, Oil Won't Skyrocket Because Trump Has Ended the Iran Deal

By Cooper Creagan, Associate Editor, Money Morning • May 10, 2018

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Oil prices broke $70 for the first time in nearly four years after U.S. President Donald Trump announced an end to the Iran deal on Tuesday.

But don't load up on just any old oil stock right now.

Already, Saudi Arabia and the United States are expected to ramp up supply in response to Trump's decision, which should keep oil prices in a very specific range...

Money Morning Capital Wave Strategist Shah Gilani appeared on FOX Business Network's "Varney & Co." yesterday to share exactly where he expects oil to go in the near future, as well as his take on the Dow's unlikely reaction to the Iran deal and rising Treasury yields...

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These markets are not only bizarre, but for the most part, they're downright disappointing. Don't expect that to change now that Trump's killed the Iran deal.

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