Oil price spiking per Bloomberg: Oil Prices Jump 19% After Attack Cuts Saudi Arabian Supplies https://www.bloomberg.com/news/articles/2019-09-15/oil-prices-jump-19-after-attack-cuts-saudi-arabian-supplies
Is it expected to be a long term issue?
While no one knows for sure...Saudi Arabia acts like they get get some of it back up and running shortly. But others think it could take months to get this production back on line, at a minimum. So we'll see. This could have kicked off long-term wave 3 in oil. We'll see.