Recently, two important oil facilities in Saudi Arabia were attacked, resulting in a 50% drop in Saudi oil daily output, equivalent to 5% of the global supply. For the oil market, this is a serious oil interruption in history, which even led to the crazy price increase of oil prices. Brent crude oil price once rose 19.5%, creating the largest unit increase in recent years. The US West Texas germplasm crude oil futures price also rose to US$ 6.4, and the price per barrel was US$ 665,438 +0.23, with an increase of 1 1.67%.
In this regard, US President Trump is very angry. "On the one hand, Trump emphasized' accelerating the approval of oil pipelines currently awaiting approval in Texas and other States'". In fact, they are taking advantage of this oil tension to speed up the strategic layout of American oil exports. On the other hand, the use or preparation of strategic reserves in the United States is directly related to the domestic gasoline price in the United States, and the gasoline price is related to the support rate of the incumbent president, which is the most direct driving force for the United States to use strategic reserves.
Moreover, with the independence of American oil, the United States has sold millions of barrels of strategic reserves in recent years, considering the impact of sanctions against Iran and the excess reserves of the United States. So this time, the number of strategic reserves that the United States can directly use in a short period of time may actually be very small. In addition to the United States, Saudi Arabia is also coping with the "earthquake" in the international oil market.