Think markets could revolutionize the way we think the world. Will come to. Us all prices hit a 4 month high for. The Worlds Largest crude Processing Plant in saudi arabia over the weekend it was the biggest since the go for in 1901 brant crude initially shot up 19 percent before retreating to around 67 u. S. Dollars a barrel still up 10 percent from last week u. S. Senior official blames iran for the attacks president. U. S. War was locked and loaded for a potential response also approved the real release of us all reserves these are the images that have sparked political and economic turmoil Around The World saudi arabia has Largest Oil Refinery up in flames half of the countrys oil
production slashed at least temporarily in one fell swoop appearing on a t. V. Station sympathetic to their cause who is based in yemen said they carried out the attack there supported by iran an arch rival of the United States the american president posted a belligerent tweet in response there is reason
much more likely. already in there from. chinese growth in china. and growth in the us. the last thing we need. is. it may be the last thing we need but with 5700000 barrels of oil a day that s 5 percent of the world s supply now in jeopardy disruption appears unavoidable. he s an oil market analyst at the share center and joins us from london hello we heard about supply how significant is this attack it with regards to world oil supply. well yes very significant facility advocate who produces roughly 1800000 barrels a day. this attack has taken out roughly 5700000 barrels