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Aug 8, 2008 

Bloomberg.com: Crude Oil Rises as Turkey Says Pipeline Repair May Take 2 Weeks

For the complete report from Bloomberg click on this link

Crude Oil Rises as Turkey Says Pipeline Repair May Take 2 Weeks

Crude Oil Rises as Turkey Says Pipeline Repair May Take 2 Weeks

Crude oil rose for the first time in four days after Turkey said a pipeline carrying crude to the Mediterranean from Azerbaijan may remain shut for two weeks following an explosion on Aug. 5. The pipeline is able to ship 1 million barrels a day, Ali Gungor, governor of the Erzincan province, where the blast occurred, said today. A Kurdish separatist group claimed responsibility for bombing the line, which is still burning.

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