After the record increase, oil prices fall sharply due to an optimistic report on Saudi production

Oil prices fall sharply on Tuesday, after shooting on Monday as a result of the attack on oil facilities in Saudi Arabia that make one fear a shortage of oil and a military escalation with Iran.

The day had dawned stable or with slight casualties for the price of the barrels. However, the disclosure of information according to which Saudi Arabia's production could be restored within two to three weeks, cleared fears about world sourcing.

Around 15 GMT, the texas oil (WTI, US reference crude) marked the USD 59, a variation of -6.15% with respect to the closing of Monday. In turn, the barrel of Brent quotes to USD 64.5 (-6.5%).

"Once again, the markets were fooled by Saudi news," said Fawad Razaqzada, analyst at Forex.com, who highlighted the new reports that are more optimistic about the recovery of the most important refinery in the monarchy.

Previously, a report of S&P Global Platts He noted as "high" the probability that nearly 3 million barrels per day of supply are in service "for at least one month."

In any case, the US Secretary of Energy, Rick Perry, showed his confidence this Tuesday from Vienna that the world oil market remains well supplied despite the fall in production in Saudi Arabia for the attack on its refineries, and reiterated that it is soon to resort to the Strategic Petroleum Reserve (SPR).

On Saturday, drone attacks against two oil plants in Saudi Arabia The country's oil production fell by half, 5.7 million barrels daily less that they represent approximately 6% of the world supply.

Monday the price of Brent, the reference in the world market, 14.6% had skyrocketed, the strongest increase since this type of contract was created, in 1988. The barrel of WTI, the reference of crude oil in New York, gained 14.7% on Monday, its biggest increase since December 2008.

In addition to shooting prices, lThe attacks make you fear a military escalation between the United States and Iran, accused by Washington and Saudi Arabia of being responsible.