Friday, March 2, 2012

Explosions Destroy Saudi Oil Pipeline, Sends Oil Prices Soaring

"Among the many factors responsible for the jump in WTI to just shy of $109 over the past hour, and Brent to new records in various currencies, is the following news reported so far only by Iranian PressTV: “An explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province.

at http://blog.alexanderhiggins.com/2012/03/01/explosions-destroy-saudi-oil-pipeline-sends-oil-prices-soaring-88962/