UPDATE 5-Oil down 2 pct on prospects for Seaway reversal

http - April 16th, 2012

* Seaway pipeline reversal to begin May 17 * Spanish 10-year bond yields top 6 pct * Speculators cut net long positions - CFTC data * Iran talks trim geopolitical risk premium (Recasts, updates market

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IRIB News - April 16th, 2012