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Price of the Oil or best know like (Black Gold) rise more than 791 PIPS

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Price of the Oil or best know like (Black Gold) rise more than 791 PIPS

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El ataque al corazón de la petrolera saudí provoca el alza de los precios

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If these countermeasures work, the price will be lowered to 70 dollars, if not, then they will rise up till 90 dollars.

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Saudi Arabia has prevented these problems beforehand by producing in advance 188 million oil barrels and keeping in enormous stock in countries like the United States

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This is a quite big possibility. Between the rising tensions between Saudi Arabia an Iran these prices could get higher depending on their political decisions.

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The have hovers to an extra 10% but around nine they rose to an extra 15% up till 69 dollars per barrel.

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All this attention was centered on the European sector. The volatility of these prices has diminished within the first few hours of the market opening.

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Reason why these prices have elevated so suddenly 

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Reason why these prices have elevated so suddenly 

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This actually is the product of a drone attack to the biggest refinery in Khurais, Saudi Arabia.
These caused explosions and damage to the drills and structures, making Riad cut into half their oil production. These reparations will take weeks.

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The easiness of fluctuation in oil prices

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The easiness of fluctuation in oil prices

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In only just a night the oil prices boomed to an extra 20% of its original price. Nothing so quick has happened since the Gulf War in 1991

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The price of oil rises more than 15% between the price close on Friday, September 13 at 54.84 per barrel and the opening on Sunday, September 15 at 60.27 per barrel. That was an increase of 5.43 usd per barrel

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https://www.tradingview.com/x/7jV5t1xD/

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Cristina Delgado. (2019). El precio del petróleo sube más de un 15% tras el ataque a la mayor refinería saudí. 21/09/2019, de El pais Sitio web: https://elpais.com/internacional/2019/09/16/actualidad/1568616201_302267.html