Oil plunges as Saudi Arabia says production fully restored
Oil prices dropped by about 6% on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output.
Saturday's attacks raised the specter of a major supply shock in a market that in recent months has been preoccupied with demand concerns and faltering global growth. Oil surged as much as 20% at one point Monday.
During a news conference Tuesday, Saudi Arabia's energy minister also said it will keep its full oil supply to its customers this month.
Production could be fully online within two to three weeks and the kingdom was close to restoring 70% of the 5.7 million barrels per day lost after the attacks, a top Saudi source briefed on the latest developments told Reuters.
Brent crude futures fell $4.12, or 6%, to $64.90 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $3.52, or 5.6%, to $59.38 a barrel.
https://www.msn.com/en-us/money/markets/oil-plunges-as-saudi-arabia-says-production-fully-restored/ar-AAHq96u?li=BBnb7Kz
So more and more it's looking like the drone attack wasn't as big a deal as Trump and the rest of the pants shitters are making it.
= new reply since forum marked as read
(and some stations had already raised prices - although as I understand here that they can only change the prices once a week) 
