U.S. energy secretary says oil market robust after attack on Saudi plants

The oil market is resilient and will react positively to the attack on Saudi Ara...

FILE PHOTO: U.S. Energy Secretary Rick Perry attends a news conference in Baghdad, Iraq, December 11, 2018. REUTERS/Thaier al-Sudani/File Photo

An attack on Saudi Arabia that shut 5% of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate. He repeated his government’s position that it is prepared to tap its Strategic Petroleum Reserve, which holds about a month’s worth of U.S. oil consumption, but he did say how likely it was to do so.

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