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 IranianPressTV: “An explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province.” .... Read more at http://blog.alexanderhiggins.com