Australia stocks set to trade subdued; oil prices spike 13% after attacks on Saudi oil production
Over the weekend, drone attacks hit the heart of Saudi Arabia's oil production facilities in Abqaiq and Khurais claimed by Yemen's Houthi rebels. Half the country's oil production was halted due to fire damage and an assessment of the situation is due on Monday, Saudi energy ministry officials said.following the attacks, the Wall Street Journal reported Sunday.
Investors also watch for developments on the U.S.-China trade front, with high-level talks between the two economic powerhouses expected in the coming weeks. China industrial production data for August, expected to be released at 10:00 a.m. HK/SIN, will be watched for clues of the impact of the ongoing trade war between Beijing and Washington. Industrial output growth saw an
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