Drones attacked 2 plants at the heart of Saudi Arabia’s oil industry at the weekend, which includes the worlds biggest petroleum processing facility.
Oil prices surged more than 15% at the open on Sunday after the attack on Saudi Arabia’s oil facilities on Saturday that knocked out more than 5% of global oil supply.
The pop in oil prices is likely overdone and we are looking to “short the top”.
Selling Brent Crude Oil at market at: 66.75
Take Profit: 63.75
Stop Loss: 69.75