It has been the most volatile day of oil trading in world history, and there is much still to play out.
The spiral up can be of little surprise of course when millions of barrels of crude oil are shut in to the Gulf, and when most Gulf countries are now - at best - reporting a slowing of their production, and at worst declaring force majeure shutdowns - a clause freeing them from liability for failure to supply due to events outside their control.
— Source: BBC News (https://www.bbc.com/news/articles/cz7g5vv2gejo)
