Tuesday 17 September 2019
Crude oil prices fell sharply on Tuesday after the huge rise on Monday as Saudi Arabia looks set to restore most of its oil production capability within a short few weeks. This rapid recovery
from the twin attacks over the weekend gave the market significant comfort and signaled a major sell off. The Brent crude contract fell by $4.47 while WTI fell by 5.7%. This positive news for crude soon fed its way into the broader energy complex as natural gas, power and EUA carbon prices went lower.