Oil prices soar after attacks on Saudi facilities
Shortpedia
Content Team
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Oil prices soared by almost20% after the attacks on Saudi Arabian facilities on Saturday which knocked out more than 5% of world's supply. Brent crude, the international benchmark followed by oil traders, surged to $71.95 a barrel at one point. The strike, which US blamed on Iran, has reignited fears of increased risk to energy supplies in the region. The price of Brent crude is now up about 10% at $66.64 a barrel.
