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Rise in crude on EU promise doesn't change picture: O'Neill

Bill O'Neill, founder, Logic Advisers offers his perspectives on CNBC-TV18 as oil surged on Friday in heavy trading to the fourth biggest daily gain on record, on a deal by European leaders to shore up euro zone banks triggered frantic short-covering by funds that had been riding crude's price-collapse over the last quarter.

first published: Jun 30, 2012 03:32 pm

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