Australia stocks set to trade little changed; oil prices spike 13% after attacks on Saudi oil production

Over the weekend, drone attacks hit the heart of Saudi Arabia's oil production facilities in Abqaiq and Khurais claimed by Yemen's Houthi rebels. Half the country's oil production was halted due to fire damage and an assessment of the situation is due on Monday, Saudi energy ministry officials said.following the attacks, the Wall Street Journal reported Sunday.

Investors also watch for developments on the U.S.-China trade front, with high-level talks between the two economic powerhouses expected in the coming weeks. China industrial production data for August, expected to be released at 10:00 a.m. HK/SIN, will be watched for clues of the impact of the ongoing trade war between Beijing and Washington. Industrial output growth saw an

A spike just in time for the IPO ... how convenient. Just the beginning. $100 oil coming. Billions to be made in this IPO.

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Saudi stock market dives, crude futures to jump after drone attack on oil plantsSaturday's attack is the biggest on oil infrastructure anywhere since Saddam Hussein's invasion of Kuwait in 1990. WallStJesus I show it’s down 1% rocobasilisk You don't need to burn gas anymore people, but a tesla. The model 3 is cheaper than a camry with oil and gas costs. Best car in the world Our stock market will be down..our military has shown the inability to stop drone strikes..Iran is getting more confident. Expect more in the Middle East and probably Israel.
Source: CNBC - 🏆 12. / 72 Read more »