Iran missiles unnerve oil market

(01:42) Report

Jul. 9 - Oil prices shot up on Iran's test firing of missiles but later gave up those gains on a U.S. inventory report showing a rise of gas stockpiles.

Oil prices initially shot up even though military experts said any damage Iran could wreak was limited. Fred Katayama reports from New York.SOUNDBITE: Fadel Gheit, Oil analyst, Oppenheimer

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