Oil Prices Surge After Saudi Attack, Though Ample Supply Eases Concerns

The world is flush with excess oil, a factor that put a cap on the spike in crude prices following the attacks on the heart of Saudi Arabia’s oil industry.

U.S. crude futures ended the day 15% higher at $62.90 a barrel, their largest one-day climb since January 2009 but still below where they were when futures opened Sunday evening. They are at their highest level since May.

Everyone knows it was Israel attempting to draw America into a war with Iran hoping to weaken Hezbollah while helping it's new buddy Saudi Arabia by weaking Iranian backed houthi rebels in Yemen. remember Israel blew up America's marine barracks😡

Curious, doesn't higher oil prices help Russia?

Change your headline Dumbasses to one that didn't sound like it was Saudi Arabia that perpetrated the attack.

POTUS VP SecretaryPerry They only supply 5% that's FIVE PERCENT of global market.

False flag. It’s so obvious.

Don't trust one thing the Trump administration says or does about oil prices. They think we're still a country that wants to depend on oil and protect oil fields in other countries. BS! If this crap happening in Saudi is anything, it's a call for alternative sources of energy.

Serves us right. Obama did his damndest to put America on the road to renewable energy sources like solar and wind to cut DOWN on coal and oil consumption. But oh NO, we whined in the fossil fuel industry and Trump sensing a potential “enhanced” personal investment, heard you.

Climate change activists! Higher oil prices enhance the market for alternatives! And stoppering the refining end reduces demand for pipelines, production and exploration (that takes time but you get the idea). Stopping refineries starts the process of transition NewGreenDeal.

hmmmm US is in profits while bombed in KSA, now Saudi's will order more Weapons from US, hmmm more profits....🤔🤔🤔

Bolsa de valores a esta hora

How fortunate that the conservatives “ identify” with sovereign oil production.. so all reserved oil and gas go to conservatives .. the leftists can now realize their walking, biking and public transport dreams. We identify with it so you can’t take it away from “us”

This is how thousands of Mossos D'Escuadra work on the issue of persecuting and harassing, assaulting until death, embezzling criminals at a time and place with my taxes harassing, watching repeatedly and continuously, I do not remember a moment of peace in 13 years. 'JUSTICE '.

The Islamic Revolutionary Guards Corps (IRAN) detained a ship flying the UAE flag in the Strait of Hormuz. The detained 11 sailors are accused of smuggling fuel. According to some reports, there are 250 thousand liters of diesel fuel on board.

Shale revolution 😂😂😂

This is probably good news for the state government of Alaska.

Just in time for that winter season. When oil is one of the main fuels for heating. Planned? or Coincidence...

That's what happens when you Rely on someone else to do something for you My mom taught me no one will ever take care of me I have to take care of the United States has to take care of themselves Because no one else will

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil Prices Spike As U.S. Accuses Iran Of Attack On Saudi Oil FieldsThe U.S. has released images they claim show Iran was behind the attack on Saudi oil facilities over the weekend, not the Houthi rebels in Yemen who claimed the strikes. IGotGlitterOnMe Yeah, it was nice when there was a regional power that kept Iran busy. Now they have the ability to reach out an affect the world. Good Job, ass holes. i wonder how this affects climate change..
Source: Forbes - 🏆 394. / 53 Read more »

Oil Prices Spike As U.S. Accuses Iran Of Attack On Saudi Oil FieldsThe U.S. has released images they claim show Iran was behind the attack on Saudi oil facilities over the weekend, not the Houthi rebels in Yemen who claimed the strikes. I'm your Aramco Saudi, I get attack because I'm poor Iran unofficially declared war on Saudi Arabia. Americans are racists..they want to destroy Iran in the same way they dest Iraq...no to American Hegemony down her Supremacist philosophy and lies...
Source: Forbes - 🏆 394. / 53 Read more »

Oil Prices Surge After Saudi Attack But Capped by Ample SupplyThe world is flush with excess oil, a factor that put a cap on the increase in crude prices following the attacks on the heart of Saudi Arabia’s oil industry. A rookie error. This is ALL a direct result of Trump’s asinine decision to unilaterally pull out of the Iran nuclear deal. Who likes war more than a failing American President? Especially one who's energy and foreign policies are expanding fossil fuel dependance and development....... What’s “emergency reserves” is that for the rich whites to populate a island in the pacific. What’s the emergency going to be? “We only have enough oil to build a city that allows white christian actors to live lavishly with only 1 Porsche allowed and woman no older than 16”
Source: WSJ - 🏆 98. / 63 Read more »

Oil prices surge after attacks hinder Saudi outputThe attack by Tehran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is bogged down in a five-year war, hit two sites owned by state-run giant Aramco and effectively shut down six percent of the global oil supply.
Source: trtworld - 🏆 101. / 63 Read more »

Oil prices surge 15% after attack on Saudi facility hits global supplyOil prices surged more than 15% at the open on Sunday after an attack on Saudi A... Ridiculous Did any people or animals 🐪 get hurt? Kenya is happy. She can now comfortably raise local fuel prices.
Source: Reuters - 🏆 2. / 97 Read more »

Oil prices surge as attack on Saudi facility disrupts outputOil prices surge: An attack on a critical Saudi Arabia oil plant pushes crude prices sharply higher, though the long-term impact depends on how long production is disrupted and how the U.S. and countries in the Mideast react. US oil demand down and this represents no oil the requires at this time.......Let’s all watch the pump price go up for no reason this week. Here we go again....No American soldiers should put their lives on the line for Saudi oil. Estos locos ya deberían pasar a una elección presidencial en lugar de seguir fundiendo a ese pobre país.
Source: AP - 🏆 728. / 51 Read more »