U.S. crude export demand surges after attack on Saudi facilities

NEW YORK/HOUSTON, Sept 16 (Reuters) – U.S. crude export demand at the Gulf Coast surged on Monday, traders said, as the window to export crude profitably to Asia and Europe was thrown open after attacks on Saudi Arabia’s oil facilities took out 5% of global oil supplies. The attack knocked out more than half of Saudi Arabia’s oil production and damaged the world’s biggest crude processing plant. The attacks sparked the biggest jump in oil prices in almost 30 years, with Brent crude futures outpacing gains in U.S. crude futures.

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