Oil prices surged more than 10% on Monday in Asia after a drone attack on Saudi Arabia’s oil facilities eliminated 5.7 million barrels of daily production over the weekend. U.S. Crude Oil WTI Futures surged 11.0% to $60.84 by 9:09 AM ET (01:09 GMT). International Brent Oil Futures spiked 12.7% to $67.77. Drone strikes attacked an oil processing facility […]
Asian stocks were mixed in Monday afternoon trade, as oil prices surged following drone attacks over the weekend that hit major oil production facilities in Saudi Arabia. Asian stocks The Shanghai composite up 0.1% The Shenzhen component gained 0.34%. Shenzhen composite added 0.503%. Hong Kong’s Hang Seng index shed 1%. Shares of Hong Kong Exchanges […]