Oil Prices Surge After Saudi Attack


Wall Street Journal: "The weekend attacks knocked 5.7 million barrels a day off the kingdom’s oil production. That is equivalent to almost 6% of daily world-wide consumption, according to the International Energy Agency. . . ."

“'This is a significant escalation in the region,' said Chris Midgley, director of analytics at S&P Global Platts. 'If you start taking supply out of the biggest producer in the world, that is crucial.'”

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