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Oil Rig Explosion, Iran's Nuclear Ambitions

Friday, 16 Nov 2012 | 1:10 PM ET

CNBC's Simon Hobbs reports on two breaking stories right now impacting oil. First, there has been an explosion on an oil rig operated by Black Elk Energy in the Gulf of Mexico. Second, there are new reports from the UN Nuclear Agency says Iran is about to double its output of higher enriched uranium.