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U.S. stocks fall for a 4th straight day; price of oil surges
London. The price of oil has been bouncing back over the past week as concerns about tensions in the Middle East intensify. Phil Flynn , senior market analyst for the Price Futures Group, wrote in a note to clients that oil prices have "turned the corner
BP sells billions of Gulf assets in effort to survive
trying to sell their assets and reposition themselves, basically for survival," Price Futures Group Sr. Market Analyst Phil Flynn explained. "They are circling the wagons... to try and survive for the future." He says with billions in federal fines