Oil prices, which have remained low for months, could spike when markets open as Saudi Arabia scrambles to repair damage to its energy infrastructure
Abu Dhabi/New York Oil prices, which have remained low for months, could spike when markets open Monday as Saudi Arabia scrambles to repair damage to its energy infrastructure inflicted this weekend.
Coordinated strikes on key Saudi Arabian oil facilities disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply. Yemen's Houthi rebels on Saturday took responsibility for the attacks on the Saudi Aramco oil facilities in Khurais and Abqaiq -- the world's largest oil processing facility and crude oil stabilization plant.Saudi Energy Minister Prince Abdulaziz bin Salman said that 5.
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