US stocks close lower global economic slowdown concerns

US stocks fell on global economic concerns after a surge in oil prices due to sabotage attacks against Saudi Arabia.

Experts fear that this surge in oil prices will impact oil-consuming countries and households budgets.

Two Saudi Aramco's oil facilitates were hit by drone attacks that led to a suspension of oil supply and production.

The White House and other Western news agencies accused Iran of being behind the attacks against Saudi Arabia.

Therefore, WTI jumped by 14.7% to close at $61.90 a barrel (highest level since May 21st), with a high of $63.3 and a low of $58.7.

Brent rose by 14.6% to $62.90 a barrel (largest daily percentage gain since 1988), with a high of $71.9 and a low of $64.6.

Dow Jones fell by 0.5% or 142 points to close at 27,077 points, with an intraday high of 27,173 and a low of 27,032.

Nasdaq fell by 0.3% or 23 points to 8,153, with a high of 8,165 and a low of 8,121.

S&P 500 fell 0.3% or 9 points to 2,998 points, with a high of 3,002 points and a low of 2,990 points.