Crude prices soared as trading opened on Monday after this weekend’s drone attack on key Saudi Arabian oil facilities slashed the kingdom’s output by half, or more than five percent of global daily production.
Brent crude futures jumped by as much as 19 percent to $71.95 per barrel, making the biggest intra-day gain in nearly 30 years. Meanwhile, US West Texas Intermediate (WTI) soared more than 15 percent, reaching $63.34 a barrel.
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