Oil prices surge by app 10pc after Iranian attacks on Saudi oil

After two attacks on Saudi oil facilities knocked out more than 5pc of global supply, Brent jumped 10pc to $66 a barrel while West Texas Intermediate rose 8.9pc. Prices pulled back slightly in early Monday trading after President Donald Trump authorized the release of US reserves. Iranian missiles on Saturday hit the world’s biggest oil-processing facility in the Saudi oil industry heartland and its second largest oil field, cutting output by 5.7 million barrels per day, according to state-owned Aramco.

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2 thoughts on “Oil prices surge by app 10pc after Iranian attacks on Saudi oil

  • Sep 16, 2019 @ 18:23 at 18:23
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    Great just more Ca$h for American Energy Development for $hale Oil & Ga$! Let Iran Change Into A Nation of Respect that the Shiia Regime Cannot Achieve?

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  • Sep 16, 2019 @ 22:23 at 22:23
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    Trumps and Putin in action. Always welcomed extra revenue coming in!

    Putin helped to make sure know how and equipment is up to the task and Trumps uses twitter to warn of consequences. Iran nails their major enemy. Saudis willing to spend more on US ‘protection’ LOL! Good deal all around!! Everyone is laughing.

    Reply

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