4um: Oil Explodes 20% Higher, Biggest Jump On Record

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Title: Oil Explodes 20% Higher, Biggest Jump On Record
Source: [None]
URL Source: https://www.zerohedge.com/commoditi ... 9-higher-biggest-jump-28-years
Published: Sep 15, 2019
Author: Tyler Durden
Post Date: 2019-09-15 19:10:09 by Horse
Keywords: None
Views: 62
Comments: 3

Brent has reopened for trading, and in the aftermath of Saturday's attack on the "world's most important oil processing plant", exploded some 19% higher, its biggest jump since 1991.
Poster Comment:
This was after a Yemeni drone attack on Saudi processing facilities. This benefits, Iran and US oil producers. Some of the latter were near bankruptcy.
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Could Be "Weeks" Before Aramco Restores Full Production Capacity As Specter Of $100 Oil Looms
The 5.7 million barrels a day outage is the single worst supply disruption even over and against the first Gulf War and the 1979 Islamic Revolution in Iran.

https://www.zerohedge.com/energy/aramco-could-face-weeks-restoring-full-production-capacity-specter-100-oil-looms

Horse posted on 2019-09-15 23:17:41 ET Reply Untrace Trace Private Reply
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