Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

BP: Oil prices jump most on record after Saudi Arabia strike

 

September 17, 2019



Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the U.S. has blamed on Iran.

In an extraordinary start to trading on Monday, Sept. 16, London's Brent futures leapt almost $12 in the seconds after the open, the most in dollar terms since they were launched in 1988. Prices have since pulled back about half of that initial surge of almost 20%, but were still heading for the biggest advance in almost three years.

https://www.bemidjipioneer.com/business/4663354-Oil-prices-jump-most-on-record-after-Saudi-Arabia-strike

 

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