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Are oil traders already looking beyond the Saudi oil crisis? ...News
Oil markets went for a wild ride this week in the aftermath of the drone strike on one of the world’s most important crude processing facilities. The attack led to Brent crude futures spiking by 20 percent in early Monday morning trading. Despite the severity of the supply outage (some 5.7 million bpd), Saudi Arabian and OPEC sources quickly reaffirmed the markets that crude flows wouldn’t be upended. As a result, prices fell 6 percent on Tuesday morning, and continued to fall on bearish inventory that same day. Also on rt.com Even Saudis don’t believe fiction of Iranian att
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