Smokes billows from the Abqaiq, Saudi Arabia crude processing facility after drone strikes Saturday, Sept. 14, 2019DUBAI — Saudi Arabia's stock market fell by 2.3% at Sunday's open as the country grappled with weekend drone attacks on the heart of its oil production facilities in Abqaiq and Khurais claimed by Yemen's Houthi rebels.
"A small $2-$3 premium would emerge if the damage appears to be an issue that can be resolved quickly, and $10 if the damage to Aramco's facilities is significant leasing to prolonged supply outages," Ayham Kamel, practice head for the Middle East and North Africa at Eurasia group, said in a research note Sunday. That's up to 25 cents higher per gallon of gasoline.
Dennis Gartman will come on CNBC and say he has owned oil, continues to own oil (“of yen”) and all investors should own oil. rearviewmirror
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.
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
WallStJesus I show it’s down 1%