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Oil prices jumped after an attack on a Saudi plant disrupted supply, with the increase matching the 1991 Gulf War spike. Analysts said Middle East tensions could keep prices elevated for some time.
The wider economic impact depends on how long the Saudi disruption lasts.
Prolonged loss of Saudi output would keep crude and energy input costs high. That raises costs for feed producers and supports vegetable oil and biofuel-linked prices.
apnews.comCATHY BUSSEWITZ16 sept 2019Tras 656 eventos alcista de geopolítica pasados, Petróleo crudo (Brent) se movió una mediana de +1,9 % en 5 sesiones (63% al alza; mitad central entre -2,7 % y +6,6 %), y +0,7 % en 20.
Tras 626 eventos alcista de geopolítica pasados, Petróleo crudo (WTI) se movió una mediana de +2,1 % en 5 sesiones (62% al alza; mitad central entre -2,3 % y +8,5 %), y +1,6 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Describes the price spike from the supply disruption and the expectation that Middle East tensions will keep prices elevated.
Reports the price jump matching the 1991 Gulf War spike, with analysts expecting elevated prices.
