Saturday, March 3, 2012

Oil below $108 after Saudi explosion report denied (AP)

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Flames rise from an Egyptian pipeline distribution station after an attack in the Sinai peninsula in this July 12, 2011 file photo. Israel may be facing a summer of power outages as the country scrambles to replace gas supplies lost because of sabotage attacks on a pipeline in Egypt's Sinai peninsula. Picture taken July 12, 2011. To match Feature ISRAEL-EGYPT/GAS REUTERS/Stringer/Files (EGYPT - Tags: POLITICS CIVIL UNREST ENERGY)AP - Oil prices retreated to below $108 a barrel Friday after Saudi Arabia denied an Iranian media report of a Saudi pipeline explosion.


Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20120302/ap_on_bi_ge/oil_prices

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