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CBOE - Houthis Cut Saudi Oil Supply Who Wins? Hint: Not E&P Oil Names. Fintech Firesale And Goldman Spoils Apple
Cboe Global Markets Inc.
Sell on Saudi Oil Scare
There is a lot to unpack here. Forgive the geopolitics, but we need a bit of context...First of all, the Houthis have a major victory in attacking Saudi Oil infrastructure, probably and literally Pyrrhic. Clearly, the Saudis are playing it up by immediately announcing a 50% shutdown and initially floating the rumor that it will take weeks to get it all flowing. This is messaging for Europe to stop pussy-footing around with Iran or its Oil is going to cost a LOT more. Also, the message is unmistakable to Trump.