London Telegraph:Oil could hit $220 a barrel on Libya and Algeria fears, warns NomuraSubmitted by ruckmanite on Sun, 03/06/2011 - 23:19
"We could see $220 a barrel should both Libya and Algeria halt oil production. We could be underestimating this as speculative activiites were largely not present in 1990-1991," said Michael Lo, the bank's oil strategist.
Saudi Stock Market Tumbles as Fear of Revolt Grows
“Unrest in this region can have fatal consequences for the world,” said JBC Energy. “The plunge on the Saudi stock exchange can be interpreted as a sign of waning trust.”