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Oil Prices Climb to 9-Month High on Iran Export Cuts

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  • Description

    FBN's Robert Gray breaks down late-morning market news.

  • Duration 0:57
  • Date

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Right away.

Very with your Fox Business -- the markets are closed today but oil and electronic trading is that a nine month high big gains come after Iran halted crude exports to Britain and France.

European nations are now boycotting Iran and that nation can't find other places to sell much of its oil.

It's still refuses by the way to shut down its nuclear program that's the crux of the argument here with a boycott.

It's also -- gasoline prices soaring here at home fuel gauge report to national averages now up to 356 a gallon.

Meanwhile banks are paying people -- sell their homes at a loss.

According to a report in USA today it's -- big banks are offering 2045000.

Dollars to homeowners willing to do a short sale instead of a foreclosure.

-- still loses money on a short sell but it's far less costly than for closing.

That as the latest from the Fox Business Network giving you the power to prosper.

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