Thursday, March 10, 2011

Unrest in Saudi Arabia sparking Oil rally, further Volatility

According to the Associated Press, Saudi police have fired on protestors in the Eastern part of the country. If this is true, and becomes escalated, this could spark a huge rally in oil and petro-currencies, and further declines in the world markets. Any disruption of oil supplies from Saudi Arabia would result in a complete imbalance in demand vs. supply of the commodity, and could push oil significantly higher than any disruption caused by Libya, Algeria or any of the other Arab country, where unrest persists.

As per many sources, tomorrow is expected to be a "Day of Rage" in Saudi Arabia, with protests expected in the Eastern region.

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