Nymex Crude Oil Futures are already up 9% on Globex trading. The Libya situation is being watched carefully. Multinational oil companies have already begun evacuating their staff. Italy has sent military jets to Benghazi, in an effort to secure her interests (eni) and build peace.
The Greek supertanker was headed to the U.S. Gulf Coast from Mina Al Ahmadi, Kuwait, loaded with 270-thousand metric tons of crude oil. It was attacked and hijacked early Wednesday morning off the coast of Oman the second incident of its kind in the region in less than 24 hours. The incident, the second againstContinue reading “Greek ship carrying Kuwaiti oil to the United States”