U.S. stock futures fall after Saudi oil attacks

Reuters | September 16, 2019

U.S. stock futures fell 0.3% percent when trading resumed on Sunday, a day after attacks on Saudi oil facilities that risk disrupting global energy supplies. Saturday’s attacks knocked out more than half of Saudi oil output, or more than 5% of global supply. S&P 500 e-mini futures initially fell 0.59%, but cut their losses and were last down 0.3%. “I would expect a rough day for stocks tomorrow since this attack largely came out of the blue,” said Nicholas Colas, Co-founder of DataTrek Research. “I’m not overly concerned that it’s more than a one-day move, though. We’re not yet talking about a large-scale military intervention in the region.”

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