USCrude and Brent grow in price increasing the risks of a wider growth-gap between the U.S. and other countries
Wasn’t for bad luck, wouldn’t have no luck at all. Brent price has been nearly 19% higher after an attack on Saudi Arabian crude facilities that cut crude oil output by 5.7 million barrels per day. Although Saudi Arabia’s national oil company expects to restore roughly a third of the disrupted production and the U.S. administration is willing to release oil from the U.S. Strategic Petroleum Reserve if needed to stabilize energy markets. They may not return to the previous production volume soon. This will seriously damage…
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