23.02.2011 - Oil price spike due to Mideast violence: UAE
From AFP: The surge in oil prices on Tuesday is a reaction to unrest sweeping the Middle East and not due to world market fundamentals, the energy minister of the United Arab Emirates said. "The market is reacting to violence in the Middle East... and not to fundamentals," Mohammad bin Dhaen al-Hamli told reporters on the sidelines of a producer-consumer meeting in the Saudi capital...............................................Full Article: Source
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