OUCH: Brent Hits $108 as Saudi Pipeline Shutdown Deepens Supply Fears.

Related: Saudi Arabia’s crude output falls to lowest level since 1990. “Riyadh informed OPEC’s secretariat that its output fell by 1.9 million barrels per day to 6.238 million barrels per day. The figure marks an even sharper decline than the previous low reached in April, which was the lowest production level reported by Saudi Arabia since the start of the Gulf War.”