Springfield, MO

Log in Subscribe

Brent crude oil spikes the most in history

Posted online

Brent crude futures, the international benchmark, spiked by as much as 19.5%, the largest intraday jump on record.

The increase followed an attack on an oil processing facility at Abqaiq and the nearby Khurais oil field in Saudi Arabia on Saturday.

President Donald Trump said he's authorizing release of oil from the Strategic Petroleum Reserve to keep the markets “well-supplied.”

Read more from CNBC.


No comments on this story |
Please log in to add your comment
Editors' Pick

Open for Business: Ozzie Smith IMAC Regeneration Center

Health care clinic Ozzie Smith IMAC Regeneration Center relocated; Mercy opened a $27 million health clinic; and former insurance adviser Clay Trautman started The Cast Group.

Most Read