Chart: How the Saudi drone attack affected oil prices

The September 14 attack invoked a knee-jerk reaction, but prices have cooled since. India' crude oil cost is expected to remain at last year's average of $69.88 a barrel

Last Updated: Sep 23, 2019, 14:20 IST1 min

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The September 14 drone attack on Saudi Aramco’s oil processing facilities in Abqaiq and Khurais in Saudi Arabia invoked a knee jerk reaction. Oil prices rose over 20 percent, the highest since Iraq’s 1991 invasion of Kuwait. They’ve since cooled off to about $65 a barrel as Saudi Arabia indicated supply disruption would be limited to a month. India’ crude oil cost is expected to remain at last year’s average of $69.88 a barrel.

First Published: Sep 23, 2019, 14:20

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Chart: How the Saudi drone attack affected oil prices

The September 14 attack invoked a knee-jerk reaction, but prices have cooled since. India' crude oil cost is expected to remain at last year's average of $69.88 a barrel

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