Saturday, February 25, 2006

Saudis 'foil oil facility attack' by al Qaeda

The BBC reports.

Oil security analysts have estimated that a serious attack on the facility could halve Saudi exports for up to a year.

On news of the attack, the price of crude oil for April delivery leapt as much as 3.4% to $62.60 a barrel on the New York Mercantile Exchange, its biggest gain since 17 January.


This is what Simon Jenkins calls "a trivial crime".
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