‘The Single Biggest Supply Disruption Ever’: World In Shock As Reality Of Saudi Oil Attacks Sinks In
After posting the largest intraday rise (~$12) in history at the start of trading on Monday, Brent pulled back, paring around half of its initial 20% gain. Nevertheless, this is a historic day for crude, coming off the weekend attacks on Saudi Arabia's oil infrastructure.
This is "the single biggest supply disruption ever in the history of the oil market", BofA's Francisco Blanch wrote Monday. "More importantly, Saudi is often viewed as the 'central bank of oil' due to the 2mn b/d or so of spar
Readers of the NY Times believe almost to a person that this is Saudia Arabia’s problem:
https://www.nytimes.com/2019/09/15/world/middleeast/iran-us-saudi-arabia-attack.html
(See comments.)