Oil Prices Jump as Attack on Saudi Plant Jolts Supply

Global energy prices spiked more than 14% after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record.

  • Published 17 September 2019

Global energy prices spiked more than 14% after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. It was an increase on par with the 1991 Gulf War and analysts said heightened tensions in the Middle East could keep prices elevated for the foreseeable future. The wider economic fallout will depend on just how long the Saudi supply disruption lasts. U.S. crude oil jumped more… Read at AP News