The industrial commodity slid over the last couple of months on macroeconomic worries, said Phil Flynn, senior market analyst with The Price Futures Group.

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In custody Cunningham named Phil Flynn, a former Sinn Fein Vice-President and a former leading banker in the Republic, as the boss behind the operation.

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"Everyone is quick to say 'look at these refiners, they're driving up the price, '" said Phil Flynn Flynn, senior market analyst at Alaron Trading in Chicago.

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