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Are you referencing the Saudi oil refinery fire. I'm guessing it will go up some, but not much. That refinery produced 5% of the worlds gasoline. I think the realization regarding how vulnerable these oil refineries are might have a larger impact on oil prices than from the actually loss of production.
 

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Are you referencing the Saudi oil refinery fire. I'm guessing it will go up some, but not much. That refinery produced 5% of the worlds gasoline. I think the realization regarding how vulnerable these oil refineries are might have a larger impact on oil prices than from the actually loss of production.
Yes.

The way energy is traded is absolutely insane. Like you said, the attack this weekend probably effects about 5% of the production, however I predict the market will go nuts just because the cockroaches of wall street will smell a quick profit.
 
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