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Saudi strikes and spiking oil price raise spectre of ‘black swan’
Prices later fell after Saudi Arabia, which supplies more than a tenth of global crude, said it had restored half of the lost production and would fully restore output by the end of September. Investors are jittery about any further strikes against Saudi oil facilities or retaliation by the US against Iran, which the superpower blames for the incursion.
https://finance.yahoo.com/m/7ff0196.../saudi-strikes-and-spiking-oil.html?.tsrc=rss
Prices later fell after Saudi Arabia, which supplies more than a tenth of global crude, said it had restored half of the lost production and would fully restore output by the end of September. Investors are jittery about any further strikes against Saudi oil facilities or retaliation by the US against Iran, which the superpower blames for the incursion.
https://finance.yahoo.com/m/7ff0196.../saudi-strikes-and-spiking-oil.html?.tsrc=rss