Crude oil prices need an excuse to spike anymore? Reuters, via EX-SKF:
Here's the short snippet from Reuters (8/15/2012):
Saudi Arabia tells citizens to leave Lebanon immediately - SPA
(Reuters) - Saudi Arabia has ordered its citizens to leave Lebanon "immediately", the state news agency reported in an SMS alert on Wednesday.
"The Saudi Arabian embassy in Lebanon calls all Saudi citizens to leave Lebanon immediately," the alert said, without elaborating.
And here's the chart:
Last week, it was the oil refinery fire(Has the oil industry built any new refineries lately? Lately being the last 20 plus years.. Answer: No). This week, it's the imminent(Since the last eight years or so) Israeli attack on Iran. What's next week's excuse going to be? Oh yeah; I wonder how much Saudi Arabia profited from this bit of "news?"
Here's the short snippet from Reuters (8/15/2012):
Saudi Arabia tells citizens to leave Lebanon immediately - SPA
(Reuters) - Saudi Arabia has ordered its citizens to leave Lebanon "immediately", the state news agency reported in an SMS alert on Wednesday.
"The Saudi Arabian embassy in Lebanon calls all Saudi citizens to leave Lebanon immediately," the alert said, without elaborating.
And here's the chart:
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