tuque /tūk/ n Canadian English, var. toque [19th c. Canadian French, from the French toque, from the Basque tauka] 1 A close-fitting knitted cap, often with a long tapering end or tassel or pompom. 2 fig Something quintessentially Canadian.
souq /sūk/ n from the Arabic سوق var. souk 1 An open-air marketplace. 2 fig A central meeting place for the circulation of news and ideas.

Monday, November 17, 2008

Somali Piracy Watch: Pirates seize tanker, make fortune in oil futures

The New York Times reported late today that Somali pirates caused a brief surge in the global oil futures market, after a group of pirates reportedly seized a Saudi-Aramco oil tanker off the coast of Kenya.

Oil futures, trending downward and currently around $56 per barrel (U.S.), briefly spiked to $59 per barrel when the markets gasped at the news.

Did anybody check to see if the pirates bought low and sold high?

As always, keep up with the adventures of Somali pirates here at the Tuque Souq Somali Piracy Watch. There's more on this particular story over at Al Jazeera.

1 comment:

backpackadventures said...

These Pirates not be fun like Dean the Pirate.