03-26-2015, 09:50 AM
All it took was the Saudi's to fire a couple of rockets to get oil prices rocketing back over $50 and gas prices shot up 40 cents here
3-25-2015
Oil prices surge after Saudi air strikes in Yemen
Brent crude oil prices shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen
Oil prices jumped as traders saw the attacks as the latest incident in a conflict that is spiralling out of control in the world's richest oil region.
The narrow waters between Yemen and Djibouti, at less than 40 kms (25 miles) wide, are considered a "chokepoint" to global oil supplies by the U.S. Energy Information Administration and the region is heavily militarized by western navies.
3-25-2015
Oil prices surge after Saudi air strikes in Yemen
Brent crude oil prices shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen
Oil prices jumped as traders saw the attacks as the latest incident in a conflict that is spiralling out of control in the world's richest oil region.
The narrow waters between Yemen and Djibouti, at less than 40 kms (25 miles) wide, are considered a "chokepoint" to global oil supplies by the U.S. Energy Information Administration and the region is heavily militarized by western navies.