The affected facilities in Saudi Arabia may not return to previous production rates for several months, according to a Reuters report.
US oil firms in the S&P 500 spiked on Monday after two attacks on Saudi facilities crippled the global oil supply. The biggest movers included Marathon Oil, Devon Energy, and Cimarex, all of which saw double-digit percentage surges. The facilities may not return to previous production rates for several months, sources close to the matter told Reuters. Watch Brent crude oil trade live here.
US oil firms in the S&P 500 spiked on Monday after two attacks on Saudi facilities crippled the global oil supply. The biggest movers included Marathon Oil, Devon Energy, and Cimarex, all of which saw double-digit percentage surges. The facilities may not return to previous production rates for several months, sources close to the matter told Reuters. Watch Brent crude oil trade live here.
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