Big strike on largest oil refinery - big gap coming at open!!
If you follow the news, you know about the big drone strike on a Saudi Aramco oil refinery - their largest one - this weekend. An Iran linked group is claiming responsibility. From articles I have read, they are saying this will drop production by 5 million BPD which is pretty significant... then of course the tension this creates on a world scale, in an already sensitive oil market with the USA and Iran going at it.
Anyways, this will cause oil to gap up big at market open this evening. I plan on playing that gap, but will wait for a little pull back before I enter long.
Anyways, this will cause oil to gap up big at market open this evening. I plan on playing that gap, but will wait for a little pull back before I enter long.
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Biggest surge in oil price since 1991. Wow! That's pretty significant. I bought some crude after it pulled back last night. Good luck to anyone else that did the same.