OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

This may provide for the buy window–so get. your merchandise Monday. morning-it. will slam shut very quickly

Posted by Richard640 @ 14:04 on September 15, 2019  

While the redundancies in Saudi oil infrastructure mean that output may be restored as soon as Monday, the attack could build in a premium to oil prices that has long been absent due to complacency. Indeed, traders may now need to factor in new risks that threaten to take not hundreds of thousands but millions of barrels off the market at a time. U.S. shale production may have upended the world energy market with nimble output, but the market’s reaction time is several months, not days or weeks, and nowhere near enough to replace several million barrels.

After the smoke clears and markets calm down, the technological sophistication and audacity of Saturday’s attack will linger over the energy market.

Write to Spencer Jakab at spencer.jakab@wsj.com

https://www.wsj.com/articles/saudi-oil-attack-this-is-the-big-one-11568480576

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.