9/16/2019, 12:03 AM (Source: TeleTrader)
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Brent futures jump over 15% after Aramco attack

Oil prices soared at the start of this week's trading following the attack on Saudi Aramco's facilities over the weekend.

The coordinated strikes on Aramco's oil facilities disrupted about half of Saudi Arabia's oil capacity. Meanwhile, United States President Donald Trump announced that he has authorized the release of crude from the Strategic Petroleum Reserve.

Brent futures for December settlements rocketed 18.88% to $70.32 per barrel at 6:00 pm ET. West Texas Intermediate for the same month jumped 13.71% to $62.04 a barrel at 6:03 pm ET.

Baha Breaking News (BBN) / JC