Oil up as Georgia conflict disrupts shipments - Forbes.com: "'The military conflict in Georgia is the key factor in pushing up oil prices this morning,' said David Moore, an analyst at the Commonwealth Bank of Australia in Sydney.
'There is also some degree of a technical rebound after oil's sharp fall on Friday.'
The conflict over South Ossetia has prompted the suspension of shipments of Azeri crude oil and refined fuel from two of Georgia's ports, Azerbaijan's state energy firm SOCAR said on Saturday.(On the Balck Sea)
Kazakhstan also stopped shipments of its crude from Georgia's Batumi. Neither Azerbaijan nor Kazakhstan rely on Georgian ports for their exports as both also use crude pipelines."
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