Oil price jumped to $70! - a photo on Flickriver

Oil price jumped to $70!

            
The attacks to Aramco oil facilities on Saturday have caused the oil price to jump to $70 per barrel on September 16th 2019. These attacks disrupted around 5% of the global oil supply. Oil (Brent) price increased to $71.95 per barrel, up 19.5%. Future contracts of Brent also improved to $66.20, up $5.98 (9.9%) compared with Friday settlements.   
The West Texas Intermediate Crude Oil (WTI) Price increased to $63.34 per barrel, up 15.5%. Its future contracts also developed to $59.73, up $4.88 (8.9%).

Taken on: September 16, 2019

Tags:

#amoot_iranian_trading_company

#oil

#oil_market more »

#oil_price

#oil_import

#oil_export

#oil_supply

#oil_demand

#Saudi_oil_supply « less

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