Oil shoots up 20% after weekend attacks on Saudi facilities
Prices have come off their peak after Trump released US emergency stocks, but the market is still jittery after 5% of global supply was wiped out ‘in a single strike’
16 September 2019 - 13:09
Singapore/London — Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom’s production.
Prices came off their peaks after US President Donald Trump authorised the use of his country’s emergency stockpile to ensure stable supply...
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