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Some investors "fear that the world is headed toward an ugly conclusion of the Iranian nuclear crisis," energy consultant Cameron Hanover said in a report. "The market is discounting an increasingly violent and unwelcome ending." "If Iran were to allow inspection of its nuclear site, or if it were to come back to the negotiating table, then prices might suddenly sell off," it said. In other energy trading, heating oil fell 2.7 cents to $3.29 per gallon and gasoline futures slid 1.5 cents at $3.31 per gallon. Natural gas fell 4.9 cents to $2.50 per 1,000 cubic feet.
[Associated
Press;
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