Oil Prices Spike After Saudi Attack Disrupts Global Supply
Monday, 16 September 2019 13:40
SAUDI ARABIA — Oil prices are trading at their highest levels since May after Saturday’s attack on Saudi Arabian oil facilities disrupted the global supply of crude. Futures retreated slightly after US President Donald Trump said he had authorized the use of oil from the country’s emergency reserve. In a series of tweets, Trump said that he had ordered that oil from the Strategic Petroleum Reserve, or SPR, be used “if needed.” He said he would use enough oil “to keep the […]