Market News and Commentary – Wall Street Underground

By Nick Guarino | September 19, 2019

Saudi Attack Damages Kingdom’s Role As Guardian Of The Oil Market

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The fact that certain modern fortresses had held out against German artillery during World War I, as well as the admitted saving in military manpower, induced France to build the celebrated Maginot Line as a permanent defense against German attack. This ultramodern defensive fortification showed traces of the old circular system of fortifications, but its dominant feature was linear.

LONDON (Bloomberg) – Saudi Arabia is fixing its energy infrastructure and restoring crude production, but the weekend’s attacks may have done irreparable damage to one of the kingdom’s greatest assets — its role as guardian of global oil markets.

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