Oil prices up 10% as attack on Saudi facilities disrupts output and Trump authorised the release of oil supplies from the US Strategic Petroleum Reserve.

Oil prices saw a record surge on Monday after attacks on two Saudi facilities slashed output in the world’s top exporter by half, fuelling fresh geopolitical fears as Donald Trump blamed Iran and raised the possibility of a military strike on the country. Brent futures surged $12 in the first few minutes of business – … Continue reading Oil prices up 10% as attack on Saudi facilities disrupts output and Trump authorised the release of oil supplies from the US Strategic Petroleum Reserve.