Currencies linked to oil prices pop on Monday after an attack on Saudi Arabian oil production facilities over the weekend knocked out 5% of the world’s production, with some analysts speculating that it could take months to bring the facilities back online.
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Dollar falls, oil-exporter currencies rise after Saudi attacks; yen firmsThe dollar fell while safe havens and currencies of oil-producing countries rall...
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Saudi Officials Say Oil Production to Return to Normal Levels by MondaySaudi Arabia said it would return to normal levels of oil production by Monday, as officials sought to reassure world markets after a drone attack Saturday prompted the kingdom to cut its crude production in half.
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Saudi Arabia Aims to Restore a Third of Lost Oil Output MondaySaudi Arabia’s national oil company expects to restore roughly a third of crude output disrupted due to a weekend attack by day’s end on Monday, Saudi officials said, a step back from earlier hopes that it could quickly resume full production by the start of the week.
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Oil spiked a record 20% on the sudden attack to Saudi Arabian oil suppliesBrent crude oil hovered at about 8% higher on Monday morning, heading for the sharpest rise in almost three years.
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Oil Prices Spike As U.S. Accuses Iran Of Attack On Saudi Oil FieldsThe U.S. has released images they claim show Iran was behind the attack on Saudi oil facilities over the weekend, not the Houthi rebels in Yemen who claimed the strikes.
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