Saudi oil explosion now said to be diesel pipeline

That’s sinking oil off the highs but it’s not doing too much damage. Futures have dropped to 84.15 from 84.96 and the second jump came when Reuters reported the first headline after we did. Watch for another drop if they cover this news too.

Brent crude 5 min chart 05 11 2014

Brent crude 5 min chart 05 11 2014

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