Crude oil wins after weekend attack by drone on a large Saudi oilfield – ETUS Oil, LP (NYSEARCA: USO)



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Crude Oil Futures Contracts (USO + 1.2%) increase as trade on the risks resumes and following the attack of this weekend's drones on one of the largest oil fields of Saudi Arabia; WTI + 1.2% at $ 55.52 / bbl, Brent + 1.1% at $ 59.28 / bbl.

Saturday's attack on the Shaybah oilfield by Houthi rebels in Yemen sparked a fire in a gas plant, although Saudi Aramco said there was no interruption in production on the field, which produces about 1 million barrels a day.

"The oil market appears to reintroduce a geopolitical risk premium as a result of drone attacks against Saudi Arabia this weekend, but this premium might not last if it resulted in no breakup. supply, "says Giovanni Staunovo, an oil industry analyst at UBS.

Among the big names in oil: XOM + 1.5%, CVX + 1.3%, RDS.B + 1.6% BP + 1.2%, FLIC + 2.7%, MRO + 3%, HE IS + 3.2%, SLB + 3.3%, HAL + 1.9%, MPC + 3.1%, VLO + 1.6%.

ETF: USO, XLE, OIL, UWT, UCO, DWT, SCO, BNO, BOD, DTO, USL, OLO, SZO, OLEM, WTIU, OILK, OILX

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