2:22 rally? Not even Zeev playing this.. Oil >$41
OnTopic - Battlefield Ford Manassas - $8000 of EVERY VEHICLE, $10K if you ask....
OT - Hillary couldn't keep her eyes off Bill on campus LOL
NOT- Oil futures set for close above $41 - Attacks on Iraqi pipelines fuel output concerns
By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 1:44 PM ET July 16, 2004
SAN FRANCISCO (CBS.MW) -- Crude futures were poised Friday to close above $41 a barrel for the first time in a month and a half and log a gain of around 3 percent for the week, as another attack on a key Iraqi pipeline sparked fresh concerns over oil output disruptions. Saboteurs attacked Iraq's northern export pipeline overnight. Though they missed their target, it nonetheless set back the repair schedule for damage from another attack last week, said Tim Evans, a senior analyst at IFR Energy Services, citing an Agence France-Presse report. A fire Thursday also halted exports through a pipeline connecting the oil fields of the northern Iraqi city of Kirkuk and the Turkish port of Ceyhan, according to AFX News. With "the expanding number of attacks on the Iraqi pipeline and the fact that Iraqi production might have been reduced by half since last Friday, it isn't surprising that prices are hovering within striking distance of contract highs," said Michael Fitzpatrick, an analyst at Fimat USA, in a note to clients.
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