Contracts tied to the cost of shipping Middle East oil jumped 11 percent because of speculation Saudi Arabia will ship more crude to compensate for lost Libyan production and as fuel prices rose.[Read More]
Source: Bloomberg
Oil-Tanker Contracts Gain 11% on Saudi Cargoes, Fuel Surge
Contracts tied to the cost of shipping Middle East oil jumped 11 percent because of speculation Saudi Arabia will ship more crude to compensate for lost Libyan production and as fuel prices rose.[Read More]
Source: Bloomberg
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