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Emerging markets morning call with Tim Seymour – 2/22/11

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Emerging markets morning call with Tim Seymour – 2/22/11

Tim Seymour

February 22nd, 9:45 am

U.S. markets reacting to a volatile weekend overseas. Credit shocks, the Middle East and general caution feeding gold. Watch global steel downside, but integrated oil looks defensive here.

By Emerging Money

February 18th, 2:42 pm

Prices for crude oil futures rose yesterday, with near-term supplies pushing against the contract expiration and upcoming Presidents Day holiday.

Tensions in the Middle East pushed contributed to the rise. Pro-democracy demonstrations pushed into their third day in Bahrain. Protesters clashed with police in Yemen and Libya, the eighth largest OPEC producer.

WTI for March delivery on the NYMEX lifted 1.6%, to settle at a one-week high of $86.36 a barrel.

So how to play? Fast Money traders Joe Terranova and Pete Najarian discussed angles.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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