CL Redux

http://af.reuters.com/article/energyOilNews/idAFLDE7180YF20110209

LONDON/ATHENS, Feb 9 (Reuters) - Armed pirates seized a U.S.-bound oil tanker off Oman carrying around $200 million worth of crude on Wednesday in one of the biggest raids in the area to date, escalating the threat to vital shipping lanes.

The 333-metre very large crude carrier, the Irene SL, was carrying about 2 million barrels of crude oil, estimated to be nearly 20 percent of daily U.S. crude imports, a day after an Italian tanker was snatched by Somali pirates.

"This morning the vessel was attacked by armed men," the tanker's Greece-based manager Enesel said in a statement. "For the moment there is no communication with the vessel."

Quote from InvestVision:

Brent $13+ premium to us crude is one factor that bay limit the big down side move on Nymex us crude

This is huge premium , this increased seems with suez strike as Mkt view suez strike is have more impact on brunt than Nymex oil
 
Quote from InvestVision:

Out 87

Nice trade
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