Stocks Ended Lower after Saudi Oil Attack

U.S. stocks ended lower on Monday, after oil prices jumped sharply in the wake of a weekend attack on Saudi Arabia’s largest oil facilities led to massive supply disruptions out of one of the world’s largest production centers. The Dow Jones Industrial Average fell 142.70 points, or 0.52%, to 27,076.82. the S&P 500 was off 9.43 points, or 0.31%, to 2,997.96. The Nasdaq Composite lost 23.17 points, or 0.28%, to 8,153.54.

Oil futures on Monday marked the sharpest daily rise in more than a decade after a weekend attack on major crude facilities in Saudi Arabia threatened to create a supply crunch. West Texas Intermediate crude for October delivery gained 14.7%, or $8.05, at $62.90 a barrel. November Brent crude jumped $8.80, or 14.6%, to trade at $69.02 a barrel.

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