US crude is at a 28-month high of $100 a barrel

Investors are weighing the risk of the Middle East uprising spreading from Libya to Saudi Arabia.

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Cartoon of the week

This Sphinx is not rising.

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The Dodd-Frank overhaul could squeeze hedge funds

Overseas hedge funds with more than 15 American clients and investors will have to register for the first time with the SEC by 21st July as part of the Dodd-Frank regulatory overhaul. This will mean higher costs as the American market watchdog will have to be kept up to date with assets and trading positions.

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