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Oil Finds Support at $70: Trader

Wednesday, 2 Jun 2010 | 6:40 PM ET

The U.S. recovery will offset concerns about China and oil will find support at $70, says John Diplacido, president & oil trader at Energex. He talks to Martin Lakos of Macquarie Private Wealth and CNBC's Sri Jegarajah and Oriel Morrison.