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DOC sad.. Saudi's say oil production fully restored
Posted on: September 17, 2019 at 13:46:20 CT
Spanky KU
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https://www.msn.com/en-us/money/markets/oil-plunges-as-saudi-arabia-says-production-fully-restored/ar-AAHq96u
Oil prices dropped by about 6% on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output.
Saturday's attacks raised the specter of a major supply shock in a market that in recent months has been preoccupied with demand concerns and faltering global growth. Oil surged as much as 20% at one point Monday.
During a news conference Tuesday, Saudi Arabia's energy minister also said it will keep its full oil supply to its customers this month.
Oil prices dropped by about 6% on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output.
Saturday's attacks raised the specter of a major supply shock in a market that in recent months has been preoccupied with demand concerns and faltering global growth. Oil surged as much as 20% at one point Monday.
During a news conference Tuesday, Saudi Arabia's energy minister also said it will keep its full oil supply to its customers this month.
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DOC sad.. Saudi's say oil production fully restored - Spanky KU - 9/17 13:46:20