"The tentacles of oil reach far beyond the country where action or inaction take place," DeHaan said. "That level of interconnected-ness means that problems no matter where they are affect anyone who consumes oil."
A picture taken on September 15, 2019, shows an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh.
Another factor that can affect the price of oil in "times of crisis" or "major disruption" is the Strategic Petroleum Reserve, which President Donald Trump tweeted Sunday evening that he authorized the release of in an amount "sufficient to keep the markets well-supplied" in the wake of the news out of Saudi Arabia.
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