Saudi Oil Pipelines Destroyed In Explosion, Sends Crude Prices Soaring

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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."

pipeline_hit.jpg


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probably not good news for gas prices
 
The prices are unnaturally inflated as is


-Keith
'11 WRX & '99 2.3CL
 
it's ( NEAR ) the pipeline. That what the news in Arabic says
 
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