With a little bit of help from Germany to its friends, oil prices bounded higher, joining the massive global short-squeeze on Friday. Oil surged upwards of $9.00, at one point, mirroring the move in equities and the falling US dollar. And the rally held up, defying our outlook that it would not last. Beyond the euro zone developments, the Iranian Ambassador to the U.N. gave a rare press conference late Friday to make it clear that Iran has an absolute right to uranium enrichment and would continue to do so. This was meant to express Iran’s rage over the EU embargo of Iran’s oil,
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