Crude futures soared higher to $ 5

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Mumbai, Ta. September 16, 2019, Monday

Saudi Arabia has warned of more attacks in Yemen following the Yemeni attack on oil fields, and this question is likely to cause friction between the United States and Iran, accusing Iran of selling Brentcrude prices in the world market from $ 6 to $ 6 a barrel today. The prices were up from $ 1.8 to $ 5 in the evening, while the 3 surged from $ 1.8 to $ 8. Meanwhile, the oil futures prices today jumped 5 dollars to close at $ 5.

Meanwhile, Saudi Arabia was now eyeing the market on how many days it would take to produce crude again, as the US has indicated to increase production. Given that the new physical demand for crude has also been slow, some sections of the market were showing today that crude oil prices are likely to come down sharply.

When the crudetail market opened this morning, prices rose by about $ 5 in the blink of an eye. And New York prices were trading at $ 5 this evening at $ 1.8. Crude oil prices today set a new record for daily rally

The global oil price spike was also boosted by the friction between Kuwait and Iraq on August 9 before this. At the time of Iran's supply shutdown in the 5th, the world market of crude oil was booming.


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