Wednesday, February 13, 2008

Venezuela Suspends Exxon Oil Shipments

Venezuela says it will suspend oil shipments to Exxon Mobil in an escalating dispute that pits the world's biggest oil company against a country with one of the planet's biggest reserves of oil and a major supplier to the U.S.

Oil has spiked over the last few days from the high 80's to $93.11 this morning as a result of this situation.

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