Global oil prices soar 19%, max jump since Gulf war
Monday, 16 September 2019 Global oil prices spiked the most since the 1991 Gulf war on Monday. Global benchmark Brent crude rose 19% to almost $72 per barrel after the market opened for the first time after the drone strike at the heart of Saudi Arabia’s oil industry. .
Let's dive in... The Dow dropped for the first time in eight days following an attack on two key Saudi Arabian oil facilities. Oil prices surged the most since the 1991 Gulf War in early trading, before paring gains to between $5 and $6 a barrel, after drone attacks on the Abqaiq and Khurais crude...
So what in the world happened in stocks Thursday? You may think it's counterintuitive that stocks would rise after the ISM non-manufacturing index showed poor results. Think again. Before we break down..