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URL:  https://boards.fool.com/oil-prices-tumble-saudi-production-back-34297327.aspx

Subject:  Oil prices tumble -Saudi production back Date:  9/17/2019  8:29 PM
Author:  OrmontUS Number:  567562 of 573173

https://www.cnn.com/2019/09/17/investing/dow-stock-market-oi...

Oil prices dropped sharply Tuesday, following Monday's surge that sent shock waves around the world.

Oil prices tumbled after Saudi Arabia says production is coming back online

US oil futures settled down 5.7% at $59.24 a barrel. It was the worst one-day drop for US oil since August 1, according to Refinitiv. Oil prices initially fell after Reuters reported Saudi Arabian oil production would return to normal within two to three weeks. Tuesday afternoon, Saudi Energy Minister Abdulaziz bin Salman said the country's oil exports would not fall in September, as the kingdom will rely on reserves to keep exports stable.
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Maybe the attack was an object lesson?

Jeff
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