Iraq sabotage fear deepens oil crisis: "The price of crude on futures markets rose to record levels in both London and New York last night after the threat of sabotage by rebels forced Iraq to shut down production in its southern oilfields.
Fears of prolonged disruption to supply led to a fresh wave of speculative buying in markets already rattled by the prospect of dearer energy, prompting a slowdown in the global economy."
- posted by geoff @ #