News Headline Summary
Following earlier comments that an attack against oil pipeline 70km east of Algiers has killed two guards and wounded seven, WTI and Brent futures continue to move higher, with gains in WTI of USD 0.37 since the initial headline; last trade at USD 96.16
- A source said that in comparison to the Amenas attack this is a minor event'.
- This region is currently a stronghold of Al Qaeda.
- This new attack highlight the ongoing attacks on oil and gas pipelines in Algeria which is a member of OPEC, causing uncertainty and concern over output from the country.
12:56, 28 Jan 2013 -
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