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(This is the type of nervous energy news which drives crude upward. Late Sunday evening trading heading into to Monday morning might see another significant 'oil jolt' in prices across the entire energy complex. My guess would be a $1.50 to $2.10 increase per barrel at the opening at the NYMEX, with a closing price of $1.25 UP .....if nothing else happens between now and then.
The Islamic enemy involved in OPEC (Iran) is loving these high oil prices, considering they use their exported crude profits to fuel more chaos and death for our troops in Iraq, Afghanistan and now Arabia. We need to draw the line in the sand and that sand is Iranian!)
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Reuters News Service/May 29th, 2004,
RIYADH, Saudi Arabia -- The U.S. Embassy in Saudi Arabia reiterated a call to its citizens to leave the oil-rich kingdom after gunmen believed linked to al Qaeda killed at least 16 people including seven foreigners today.
"We are reiterating our call to American citizens to depart the country in light of recent terrorist attacks," a U.S. embassy official said.
The U.S. consulate in Dahran, close to the site of the attack at Khobar, will be closed to the public until Sunday, he said, adding that embassy personnel have been asked to remain in diplomatic quarters.
