Wednesday, 16 October 2019, 07:00:31 pm
Oil prices surge over 15% after attack on Saudi Arabia's oil facilities
September 16, 2019

Oil prices surged more than fifteen percent to their highest level in nearly four months after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than five percent of global oil supply.

Saudi state oil giant Saudi Aramco said the attack cut output by 5.7 million barrels per day. Aramco gave no timeline for resumption of the oil supply.