The whole market is acting like a mutt with fleas, mange and worms. I guess the question is what happens to the 33 year old prince in charge of Saudi Arabia when it becomes obvious, (if it isn't already), that he was directly responsible for ordering the brutal killing of that journalist ? Does his 82 year old father appoint someone else when the whole world tries to sanction the Saudi's for this deplorable action or does the prince, (spoilt brat that's been wildly over indulged ?) give the fingers to the west and pull back on oil production and throw the supply demand situation for oil into complete disarray sending oil into the stratosphere ?
Like it or not the Saudi's have the power to cripple the world by withdrawing a massive part of their oil supply sending prices skyrocketing. There's a chance this thing gets even uglier than it already is and we all know airlines are massive consumers of oil.