B · Normal
[Saudi oil pipeline interrupted, WTI crude oil futures rose by 2%] On September 14th, WTI crude oil futures rose by 2%, at $102.176 per barrel. On the news, traders and sources said that the Saudi oil pipeline was interrupted. If the pipeline cannot be restored within a few days, global oil supply may lose 4%. Saudi Arabia's storage at Yanbu Port is only enough to sustain exports for 5 to 7 days, and a small amount is stored in Egypt.
Comments