Oil reportedly surges amid Saudi pipeline outage

A September 16 post attributes Saudi Arabia’s suspension of Yanbu port loadings and cancellation of September cargoes to an attack on its East-West pipeline. It puts Brent’s settlement at $108.75 a barrel and WTI’s at $105.83, and says US diesel prices hit a record above $6.26 a gallon. A separate comment argues that energy markets have fewer “shock absorbers” than in February and predicts sharper reactions to news.