JSE faces risk-off trade on Monday after attack in Saudi Arabia
The oil price shot up 10% after oil facilities were attacked in Saudi Arabia at the weekend, but gold miners should also benefit
16 September 2019 - 06:46
The JSE could struggle along with global equity markets on Monday, as investors digest a weekend attack in Saudi Arabia that has resulted in a 10% surge in oil prices.
Yemen’s Houthi rebels used drones to attack the world’s largest oil production facility in the Middle Eastern kingdom, something that has threatened to disrupt about 5% of global oil supply. The US has blamed Iran, and has said it may release oil from its strategic reserves...
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