by Rachel Lynn Aldrich
Posted 9/17/19, 11:18 am
Oil prices eased back down on Tuesday as Saudi Arabia worked to restore one of its major processing plants. Global prices spiked Monday by 15 percent after armed drones targeted key oil facilities in the kingdom over the weekend. The attack halted more than half of the country’s daily exports, but Saudi Arabia and the United States have said they could release oil from their reserves as needed to manage prices. Oil prices had fallen by about 5 percent on Tuesday morning.