U.S. oil just saw its biggest price surge since the financial crisis:
Oil futures on Monday marked the sharpest daily rise in more than a decade after a weekend attack on major crude facilities in Saudi Arabia threatened to create a supply crunch.
The Wall Street Journal, citing Saudi officials, have said a third of output would be restored on Monday, but a return to full production may take weeks, experts have said. The Abqaiq facility normally produces 9.8 million barrels of oil a day and is considered one of the world’s largest processors of crude.
— Donald J. Trump September 15, 2019 The U.S. Department of Energy said the 645 million barrels from the SPR, the largest stockpile of crude in the world, would be made available “to offset any disruptions to oil markets as a result of this act of aggression.”See: Here are the 3 times the U.S. tapped into its massive emergency oil reserves
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