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home / news releases / USAI - Oil Prices Spike On Fears Of Middle East Conflict


USAI - Oil Prices Spike On Fears Of Middle East Conflict

Original Post

By Stuart Burns

The drone and cruise missile strikes on Saudi Arabian oil installations this week caused a massive spike in oil prices as the market reacted with surprise to the news - but should it have been such a surprise?

The strike said to have been made by some 20 drones and a dozen cruise missiles on the world's largest oil installation - a separation plant at Abqaiq, southwest of Dharan in Saudi Arabia - came after a smaller but similar strike on the main East-West pipeline in May and another on

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Stock Information

Company Name: American Energy Independence
Stock Symbol: USAI
Market: NYSE

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