Venezuela sees $200 oil if Suez canal closes - Reuters

Link this * Minister says no current supply risk from Egypt crisis * Emergency OPEC meeting not yet necessary (Adds details on OPEC, paragraphs 2-4) CARACAS, Feb 4 (Reuters) - Oil prices could more than double to $200 per barrel if the Suez Canal closes...

Visit http://aiginsuranceproducts.wordpress.com/ for AIG Insurance Products News / Review

Feb 4 (Reuters) - Oil prices could more than double to $200 per barrel if the Suez Canal closes because of the crisis in Egypt, though there is no sign of that happening at the moment, Venezuela's oil minister said on Friday. Oil Minister Rafael Ramirez said OPEC would call an emergency meeting if the canal closed, but said he saw no need for an extraordinary gathering of member states right now despite the turmoil in Egypt.

Venezuela sees $200 oil if Suez canal closes - Reuters