The growing fear appears to be spreading unrest into Saudi Arabia, which represents about 10% of world oil production and by some accounts has an estimated 4 million barrels per day of spare capacity. Some traders noted that while Saudi Arabia has talked about boosting crude oil supplies to help make up for the supply disruptions, the market has become more interested in actual follow-through with those intentions. For the latest updates PRESS CTR + D or visit Stock Market news Today
Thursday, February 24, 2011
Crude oil prices Market Report for 24 february 2011
The growing fear appears to be spreading unrest into Saudi Arabia, which represents about 10% of world oil production and by some accounts has an estimated 4 million barrels per day of spare capacity. Some traders noted that while Saudi Arabia has talked about boosting crude oil supplies to help make up for the supply disruptions, the market has become more interested in actual follow-through with those intentions. For the latest updates PRESS CTR + D or visit Stock Market news Today
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