Oil prices ease on hopes for normal Saudi production

The price of gasoline creeped higher after a weekend drone attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest.


Tuesday's reversal in prices came as Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman reported that 50% of the production

cut by the attack had been restored. Prince Abdulaziz also said full production would resume by the end of the month.


Even before Tuesday's reversal in prices, economists downplayed the prospect that the price spike could send the economy reeling. After all, Monday's surge only put prices back where they had been in May.


פרסום ראשון: 09.17.19, 21:36