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North Sea Brent futures 1.3% higher, supply concerns over Saudi attacks reignite

2019-09-19T20:58:39.650Z


[Houston 19 Reuters]-North Sea Brent Crude Oil Futures <LCOc1> rose more than 1% in the 19th deal. Concerns that supply shortages may be longer than expected due to attacks on oil facilities in Saudi Arabia


[Houston 19 Reuters]-North Sea Brent Crude Oil Futures <LCOc1> rose more than 1% in the 19th deal. Concerns have been renewed that the supply shortage could last longer than expected following the attack on the oil facility in Saudi Arabia.

Brent futures liquidation is $ 64.40, a rise of $ 0.80 (1.3%). The US WTI <CLc1> reduced its rate of increase and liquidated at $ 58.13, an increase of $ 0.02.

The attack on the Saudi oil facility on the weekend affected the country's crude oil production. The US government and Saudi Arabia allege that Iran was involved in the attack and tensions are growing.

Jean McGillian, vice president of market research at Tradition Energy, said the US market's focus is on how Saudi Arabia responds to the attack.

Source: asahi

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