European stocks suffer from Saudi attacks, but oil firms soar

“Usually, higher oil prices are a product of higher demand, but in a scenario like this where supply is squeezed because of an attack, that is the worst of both worlds,” said David Madden, market analyst at CMC Markets.

Adding to some weak indicators from China last week, industrial production in the world’s second largest economy grew at its weakest pace in 17-1/2 years in August amid rising U.S. trade pressure and softening domestic demand.European stocks ended Friday with their fourth straight weekly gain, as investors circled back into cyclical sectors amid signs of progress in U.S.-China trade talks.

Market participants are now looking to the U.S. Federal Reserve’s policy meeting starting Wednesday, where the central bank is widely expected to ease interest rates and signal further moves.

just so you nit wit liberals understand---oil firms soar because of the law of supply and demand---not because they are evil corporations---get it nit wit?

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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 »