Saudi Arabia unrest adds to oil market jitters

摘要

Dubai-Stirrings of discontent in Saudi Arabia at the weekend, while not posing a serious threat to King Abdullah's rule, have dampened the oil market's confidence in Saudi pledges to cover any oil supply shortfall from Libya. Oil prices were again barreling up March 7, after easing somewhat last week on Saudi assurances that any supply shortfall would be met by the kingdom, which serves as a central bank of the energy world thanks to its gigantic oil reserves and hefty cushion of spare production capacity.