Terrorists Threaten Oil Assets

Reuters:

(HT: Drudge)

Top world oil exporter Saudi Arabia said on Friday it was taking measures to protect its oil and economic installations from a "terrorist threat".

Western naval forces in the Gulf have been deployed to counter a possible seaborne threat to its Ras Tanura oil terminal.

"The terrorist threat to the kingdom's economic installation exists and it is a declared goal of the straying faction to affect the interests of the Saudi citizen," an Interior Ministry spokesman said.

Oil futures traders were unimpressed.

Crude oil futures fell Friday, backing off gains they made following reports of a terror alert in the Gulf region.
...
Traders said speculation in the market was that prices would climb, with winter demand for heating oil and natural gas expected to buoy energy prices in coming months, but that a stream of price-positive news is needed to lift prices higher.