Pirates are still around, and they are stealing oil

A developing story in the news today is about how Somali Pirates have hijacked a Saudi Arabian-Owned Oil Tanker.  This story not only is a wild headline to read or even hear about, especially when you hear the word pirates in 2008, but it is true and extremely important.  This story has already affected the oil markets today, when the news came out, crude oil went up over a dollar.  Now crude is down over a dollar.  Stay here for updates on this story.  Click continued below to read an update from Bloomberg:

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