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Attacks in Middle East, Nigeria send oil to record $117.40
"There's clearly some geopolitical tension in the market"
Pablo Gorondi, AP
Published: April 21, 2008 05:54
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Excerpt: {magazine_leadin}Oil prices spiked to a record $117.40 a barrel after a Japanese oil tanker was hit by a rocket near Yemen and militants in Nigeria claimed two attacks on pipelines. The 150,000-ton tanker Takayama was attacked about 270 miles off the east coast Yemen coast in the Gulf of Aden while it was heading for Saudi Arabia, its Japanese operator, Nippon Yusen K.K., said in a statement. None of the ship’s 23 crew members was injured. Hundreds of gallons of fuel leaked before a 1-inch hole in the tanker’s…
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