Experts say oil prices could go up following drone attack in Saudi Arabia

Local News

HENDERSON, Ky. (WEHT) – Oil prices, which have remained low for months, could spike when markets open on Monday, as Saudi Arabia works to repair the damage of a drone attack.

Experts said the price of gas could go up in the upcoming weeks as a result of a short-term disruption.

Oil prices could rise because of worries about more unrest hurting supply.

The world’s richest countries have oil reserves of more than $2 billion barrels, but experts said releasing those to alleviate supply could potentially backfire and result in higher prices on the market because of traders worrying about a problem with tight supply.

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(This story was originally published on Sept. 16, 2019)

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