Saudi Oil Attack Rocks Energy Markets

Oil prices jumped 18% at the opening of trading Sunday night after a missile attack on the world's largest crude oil processing plant in Saudi Arabia, but fell back to a gain of about 9% on Monday morning as traders attempted to handicap the impact on future production. Saudi Arabia has a stated goal of restoring one-third of lost production by the end of Monday, but the timeline to restore the remaining portion of the facility is uncertain. Estimates are in the range of several weeks to months.