Oil Spikes Higher After Reports of Pipeline Fire in Saudi Arabia
Crude oil spiked higher this afternoon, as WTI crude temporarily broke above $110 per barrel.
Reports circulated that a fire at an oil pipeline had prompted the spike. However, this fire has not yet been confirmed. Photographs of the supposed fire are available on various websites.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.