Donald Trump Authorizes Release of Strategic Oil Reserves After Attacks on Saudi Oil

Breitbart | 9/15/2019 | Staff
Les7799 (Posted by) Level 3
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President Donald Trump reassured Americans that there would be “plenty of oil” after the drone attacks on Saudi Arabia’s oil production.

“Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied,” Trump wrote on Twitter.

President - Oil - Prices - Percent - Result

The president commented after oil prices jumped 15 percent as a result of Saturday’s drone attacks on two of Saudi Arabia’s oil facilities. Houthi rebels, backed by Iran, claimed responsibility for the attacks which cut output by 5.7 million barrels per day, sidelining over 5 percent of global oil production.

Trump said...
(Excerpt) Read more at: Breitbart
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