Commodities

So much for that $100.00 a barrel oil

Brent crude futures, the international benchmark, fell $4.41 or 6.39%, to $64.61 after Saudi Dictators in the desert said oil output will be fully back online in the next two to three weeks, citing top Saudi sources briefed on the oil operations.  A coordinated attack knocked out 5.7 million barrels of daily crude production or more than half of the kingdom’s oil output.

  • Brent crude oil jumped the most in history in the previous session. The contract soared as much as 19.5% on Monday to $71.95 per barrel, the biggest jump in history.

 

 

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