Investors lose their appetite for risk after Saudi attack
Wall Street futures fell and gold rose 1% to $1,503.09 in early Asian trade after weekend hits on crude facilities knocked out more than 5% of global oil supply
16 September 2019 - 07:45
Sydney — Oil prices surged to four-month highs on Monday while Wall Street futures fell and safe-haven bets returned after weekend attacks on Saudi Arabia’s crude facilities knocked out more than 5% of global oil supply.
US crude futures were last up 11% at $61.10 a barrel, coming off highs on expectations other global oil suppliers would step in to lift output. Brent crude soared 13% at $68.06 after earlier rising to $71.95...
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