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Saudi pipeline attacked?

Posted by ipso facto @ 11:21 on November 5, 2014  

It appears Saudi markets are back in play. As Bloomberg’s Richard Breslow noted this morning, Riyal forwards have jerked notably higher (implying weakness expected) and the Tadawul All Share Index has dropped 7% in the last 2 days after the killing of Shi’ites by unknown parties and now news that a pipeline has exploded. As Breslow warns, “if that indeed signifies the spread of Islamic State into Saudi Arabia, it would be the first time they crossed Saudi borders. That would be a big deal and a major escalation of problems over in that part of the world, far beyond what it would do to capital markets.”

http://www.zerohedge.com/news/2014-11-05/isis-sabotage-saudi-stocks-currency-tumble-aramco-pipeline-explodes

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.