Saudi Oil Pipelines Destroyed In Explosion, Sends Crude Soaring

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Submitted by Tyler Durden
Among the many factors responsible for the jump in WTI to just shy of $109 over the past hour, and Brent to new records in various currencies, is the following news reported so far only by Iranian PressTV: "An explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province."

Read more... http://www.zerohedge.com/news/saudi-oil-pipelines-destroyed-explosion-sends-crude-soaring