Cutore than half of the kingdoms output and it sparked fears of a Global Supply crunch. Th result was t biggest oneday gain for domestic crude prices in almost 11 years. They rose 15 after having been h as m 20 . And the shock rippled through reher markets as well. It sent s of exxon mobil and chevronigher making them two of the best performing stocks in the dow today. Refiners took a hitecau many depend on saudi arabias distinct heavyru and off shore oil drillers rose. Oil stocks fell on concernsab t higher fuel costs. Cruise lines came under pressure for fear that the price spike could become a drag on their earnings as well. So what happens next . Thats the question many areas ng and one that sema mody sent out to answer. Repter the attacks on a Saudi Oil Production facilities are unprecedented in the global oil industry. 5. 7 Million Barrels of daily Oil Production were knocked offline, roughly5 of the daily oil prodtion. This is theargest single day disruption of oil supply. This
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