Oil surges as traders worry about supply after Saudi attack
Benchmark Brent crude futures rose up to 19.5% to $71.95 per barrel, the biggest intraday jump since 1991
16 September 2019 - 07:21
Seoul — Oil prices surged on Monday, with Brent crude posting its biggest intraday percentage gain since the start of the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut in the equivalent of 5% of global supply.
Benchmark Brent crude futures rose as much as 19.5% to $71.95 per barrel, the biggest intraday jump since January 14, 1991. The front-month contract was at $66.20 per barrel, up $5.98, or 9.9%, from their previous close, by 5.43am SA time...
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