The Bleeding Has Not Stopped -- Saudi Sovereign Fund Plunges -- September 2, 2017

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Title : The Bleeding Has Not Stopped -- Saudi Sovereign Fund Plunges -- September 2, 2017
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The Bleeding Has Not Stopped -- Saudi Sovereign Fund Plunges -- September 2, 2017

And this was well before continued cuts to the US; and, Hurricane Harvey which shut down the largest refinery in the US, Motiva, owned and operated by Saudi Arabia.

In the Hurricane Harvey aftermath, WTI plunged to $46. 

Last month's data (May, 2017) suggested that perhaps the bleeding had stopped for Saudi Arabia, but apparently not. Source: tradingeconomics.



See tags for previous charts.


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