Oil price jumps to 43-month high on Saudi blast reports

02.03.2012
    Crude oil prices have hit a 43-month high after reports that a pipeline exploded in Saudi Arabia, the world's biggest oil producer.     Brent crude jumped $5.74 to $128.40 per barrel in New York on Thursday, the highest since July 2008.     Saudi officials denied the reports, however, helping prices fall back from their...