Oil Prices Gain, Set to Record More-Than-7% Weekly Jump..@@
Oil prices rose on Friday and Asia and are set to record a more-than-7% weekly gains after a drone attack on Saudi Arabia’s major oil facilities last weekend escalated tensions in the Middle East.
The attack happened on Saturday and knocked out almost half of Saudi Arabia’s production.
The U.S. and Saudi Arabia blamed Iom – Oil prices rose on Friday and Asia and are set to record a more-than-7% weekly gains after a drone attack on Saudi Arabia’s major oil facilities last weekend escalated tensions in the Middle East.
The attack happened on Saturday and knocked out almost half of Saudi Arabia’s production.
The U.S. and Saudi Arabia blamed Iran for the assault, but Tehran denied any involvement.
Iranian Foreign Minister Mohammad Javad Zarif suggested accusations that attacks on Saudi oil sites were “an act of war” may be aimed at deceiving U.S. President Donald Trump into a war against Tehran.ran for the assault, but Tehran denied any involvement.
Iranian Foreign Minister Mohammad Javad Zarif suggested accusations that attacks on Saudi oil sites were “an act of war” may be aimed at deceiving U.S. President Donald Trump into a war against Tehran.