Brent crude prices for November delivery BRNX19, +13.02% , the global benchmark, initially shot up 18% as trading began late Sunday, but quickly settled down to a gain of about $7, or 12%, to $67.41 a barrel.
Dow Jones Industrial Average futures YM00, -0.36% initially slid more than 100 points, or 0.4%, at the outset of Sunday trading, but stemmed losses as the trading session continued. S&P 500 futures ES00, -0.39% and Nasdaq Composite futures NQ00, -0.63% also fell.
Bout to get rich
buy oil stocks
Consumer confidence and spending will tank big time when gasoline spiked. I thought we could escape the Recession?
richardcalhoun They will just have to uncap some of their own wells in the Gulf of Mexico and use it now.
Isn’t that the outcome the Kingdom would want? Not Iran...
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US crude oil jumps 11% after drone strikes disrupt Saudi crude productionDrone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday. Uhm Our mission at is to build the social media platform that ends fake news Follow the money.
Source: CNBC - 🏆 12. / 72 Read more »
Saudi stock market dives, crude futures to jump after drone attack on oil plantsSaturday's attack is the biggest on oil infrastructure anywhere since Saddam Hussein's invasion of Kuwait in 1990. WallStJesus I show it’s down 1% rocobasilisk You don't need to burn gas anymore people, but a tesla. The model 3 is cheaper than a camry with oil and gas costs. Best car in the world Our stock market will be down..our military has shown the inability to stop drone strikes..Iran is getting more confident. Expect more in the Middle East and probably Israel.
Source: CNBC - 🏆 12. / 72 Read more »
S&P Global Platts sees Saudi oil strikes driving up risk premium in crude marketAttacks on Saudi oil plants have boosted concerns about supply security in the M... Looks like blood 2 me ! Ummm...duh. Didn't a group claimed responsibility? The US and Saudis reject it, and have other ideas on culprit?
Source: Reuters - 🏆 2. / 97 Read more »
Crude Prices Soar After Saudi Oil Disruption, Threatening Global GrowthOil prices soar after Saudi attack; U.S. crude futures up 12%, global benchmark rises 18% Fuck you people. Thank you. Will have to quit my job. Can't afford it now at 200 a month in fuel. At 400 may as well be like the neighbor on welfare sitting on the porch smoking cigarettes for free. Yup. That was the plan. The real story: The oil sitting in the tank at your local heating oil company finds excuse to rip off customers and steal hard-earned money.
Source: WSJ - 🏆 98. / 63 Read more »
South Korea imports no Iranian crude for August: customsSouth Korea did not import crude oil from August, compared with 232,723 tonnes i... Beautiful Good? Ok, then I stop imports of US crude
Source: Reuters - 🏆 2. / 97 Read more »
Iran says it will adopt maximum crude output policy if U.S. lifts sanctionsIran will adopt a policy of maximum crude production if the United States lifts ... We don't need them. Especially now Saudi supply is cut in half...what a coincidence.
Source: Reuters - 🏆 2. / 97 Read more »