Terror worries push oil price towards $64

"Warnings of a possible terrorist attack in Saudi Arabia and worries over Iran's resumption of its nuclear programme helped push crude prices to nominal records, with analysts saying the price could soon breach $65 a barrel.

Crude futures in New York on Monday approached $64 a barrel and US gasoline futures reached highs as an already-tight market reacted to warnings from the US, the UK and Australia of potential attacks in Saudi Arabia, the world's biggest oil producer.

Britain talked of "credible reports" that terrorists were in the "final stages of planning attacks" in the kingdom, a warning that was echoed by the Australian government and came as the US closed its missions in Saudi Arabia, also citing a terrorist threat."
FT.com