Rebel incursion into Saudi does not affect oil?

graeme at 7:48 a.m. Sun 08 Nov 2009

Yemeni rebels incursion into Saudi Arabia seems to have had remarkably little effect on the oil price. Is it not worrying that the world’s largest producer of oil can loose control of a chunk of its territory, and get drawn into a conflict in a neighbouring country?

The incursion was a long way from the oil fields, but, nonetheless, in most countries such a major incursion would cast doubt on their stability.

It shows how unstable the region is, that such an event can be regarded as relatively unimportant.

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