On Sat, 14th of Sept 2019, reports of a drone attack on Saudi Oil facilities which reduced their daily output by 5.7 million bpd as reported by aljazeera which was known to be up to 50% of the Oil nation’s total output
“Tensions in the Middle East have escalated following drone attacks on two major oil facilities in Saudi Arabia
The pre-dawn attacks on Saturday knocked out more than half of crude output from the world's top exporter - five percent of the global oil supply - and cut output by 5.7 million barrels per day.
Prominent crude oil strategist Phil Flynn at Price Futures Group said on Sunday that the drone strike was a “big deal” that could result in a major spike in crude-oil prices, because of the disruption to global supplies”
These statements from various news reports on the terrible incident that happened in Saudi Arabia has left me with speculations, as this will affect other industries directly and indirectly and will have a ripple effect on the stock markets. I noticed most times when the stock market is going great or at least very volatile, attention ends up being taken away from crypto and investors who would’ve been dealing with crypto would be studying the stock market.
My prediction (which should also be taken as a question up for debate) is that there will be a spike for BTC anywhere around the corner as this usually happens during / after volatile periods in the stock market.
Alex Ginsburg, TechLead
100% Certified Financial Loss Recovery Agent, we will recover what you lost regardless of how it happened.
https://t.me/alextechlead
[email protected]
[email protected]
“Tensions in the Middle East have escalated following drone attacks on two major oil facilities in Saudi Arabia
The pre-dawn attacks on Saturday knocked out more than half of crude output from the world's top exporter - five percent of the global oil supply - and cut output by 5.7 million barrels per day.
Prominent crude oil strategist Phil Flynn at Price Futures Group said on Sunday that the drone strike was a “big deal” that could result in a major spike in crude-oil prices, because of the disruption to global supplies”
These statements from various news reports on the terrible incident that happened in Saudi Arabia has left me with speculations, as this will affect other industries directly and indirectly and will have a ripple effect on the stock markets. I noticed most times when the stock market is going great or at least very volatile, attention ends up being taken away from crypto and investors who would’ve been dealing with crypto would be studying the stock market.
My prediction (which should also be taken as a question up for debate) is that there will be a spike for BTC anywhere around the corner as this usually happens during / after volatile periods in the stock market.
Alex Ginsburg, TechLead
100% Certified Financial Loss Recovery Agent, we will recover what you lost regardless of how it happened.
https://t.me/alextechlead
[email protected]
[email protected]
I think you're right, changes in the stock market can positively affect the cryptocurrency market. However, I am more concerned about another question: can such drone attacks be the cause of military conflict in the future?
