Drone Attack Boils Oil Price to Scorch Stock Market Monday

2019-9-16 13:59

Saudi Arabia is reeling this weekend after a devastating series of drone attacks in Abqiaq left its oil industry in shock. Houthi rebels from the country of Yemen claimed responsibility for the strikes.

Saudi Arabia has confirmed that half its oil production, roughly five million barrels per day, is currently offline, though they claim they […]

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Oil Prices See Unprecedented Surge Following Devastating Drone Attacks on Saudi Production Fields

Oil prices skyrocketed in early futures trading on Monday, as Saudi Arabia rushed to restore lost output following a weekend attack on the kingdom’s production fields. The attack, which was claimed by Yemen’s Houthi rebels, is considered a game-changer in Saudi Arabia’s multi-year effort to rein in its opponents to the south.

2019-9-16 02:07