Market Overview

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.

Posted-In: News Futures Commodities Global Economics Markets Trading Ideas

 

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