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Capital Economics say the market will be quick to move on from the attacks on Saudi Aramco's oil facilities, pointing to the limited reaction in global markets so far.
"The price of Brent crude initially surged by about 20 per cent when markets opened, but has settled around 10 per cent higher – lowering its level just six weeks ago," said assistant economist Oliver Allen.
"The currencies of some major oil exporters are up, and those of many oil-importing emerging markets, but the scale of moves. than 0.5 per cent. "
He suggests that Saudi production would be able to recover fairly quickly and that overall oil stocks would be drawn down to cover the initial losses.
"Of course, we are in a position to make a difference in the Gulf of the United States. global economy, and financial markets, "he said.
"However, we suspect that the most likely scenario is a gradual return to full production in Saudi Arabia over the coming weeks, to the US $ per barrel by year end."
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