U.S. West Texas Intermediate crude oil futures opened $5.36 higher on Sunday then rallied to $9.09 higher before retreating back to the opening. The gap opening and the volatility were expected. The gap was set in motion after drone strikes over the week-end on Saudi Aramco facilities in Abqaiq and Khurais eliminated 5.7 million barrels of production. The volatility was fueled by uncertainty over how fast the Saudis can repair the damage. The Wall Street Journal reported Sunday, citing Saudi officials familiar with the matter, that Saudi Aramco is aiming to restore by Monday about a third of its crude output. At ... (full story)