Tuesday, April 5, 2011

Oil could hit $200-$300 on Saudi unrest-Yamani

http://af.reuters.com/article/energyOilNews/idAFLDE7340MU20110405
Oil prices could rocket to $200- $300 a barrel if the world's top crude exporter Saudi Arabia is hit by serious political unrest, former Saudi oil minister Sheikh Zaki Yamani told Reuters on Tuesday.

Yamani said he saw no immediate sign of further trouble following protests last month calling for political reforms but said that underlying discontent remained unresolved.
 
"If something happens in Saudi Arabia it will go to $200 to $300. I don't expect this for the time being, but who would have expected Tunisia?"

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