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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.