JSE drops as oil supply fears weigh on sentiment
The US and China are expected to resume trade talks this week before engaging in high-level negotiations in October
17 September 2019 - 12:03
The JSE was lower on Tuesday, in line with most global markets as investors fretted about the effects of drone attack on Saudi oil facilities on global supply.
An attack on Saudi Arabia's state-owned oil facilities at the weekend led oil prices to jump 20% in intraday trade on Monday. Oil prices have started to stabilise on Tuesday, while traders worry about the effect that supply disruptions will have on prices after the attack more than halved the country's production capacity...
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