Saudis wanted oil higher. They’ll get it inadvertently.
But the global economy isn’t ready to weather a significant oil price surge.
The inability of oil to rise this year is in large part due to weak growth (chart in subtweet).
An oil price surge will rapidly turn on itself. t.co/OJM3LdEQyR
— Gaurav Saroliya (@GauravSaroliya) September 14, 2019