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Gartman: $200 Oil 'Laughable' Even if Iran Blocks Gulf

Thursday, 19 Jul 2012 | 12:00 AM ET

In this "Fast Money Halftime" excerpt, investor Dennis Gartman rejects a suggestion by Taylor Woods Capital Beau Taylor, speaking at the CNBC/Institutional Investor "Delivering Alpha" conference, that oil could hit $200 per barrel if there is military conflict in the Persian Gulf.