Oil Explodes Higher, Trump Rushes To Stop Surge With Reserves Tweet

Oil prices surged out of the gate to start the new week, as markets reacted to one of the most brazen attacks on Saudi Arabia's oil infrastructure in history. Around 50% of the kingdom's production was affected in Saturday’s drone attacks on Abqaiq and Khurais. On Sunday, sources said it could take "weeks" to fully restore output, but there was some indication that a third of lost production could be back online by the end of the day on Monday. One industry consultant said half of the affecte

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3 thoughts on “Oil Explodes Higher, Trump Rushes To Stop Surge With Reserves Tweet”

Wait. “On Sunday, sources said it could take ‘WEEKS’ to fully restore output, but there was some indication that A THIRD of lost production could be back online by the end of the day on MONDAY. One industry consultant said HALF of the affected output could be back ‘as EARLY AS TOMORROW.” Inquiring minds want to know: Who’s zoomin’ who?

mfn

September 15, 2019 at 9:57 pms Reply

“Something is rotten in the state of Denmark.”

Hamlet (1.4), Marcellus to Horatio

Waiting to see some real proof Iran was behind this…
1. mfn
  
  September 15, 2019 at 10:01 pms Reply
  
  Hey, maybe Trump can tweet some classified photo evidence to prove Pompeo’s assertions. He seems to be good at that.