Brent crude oil price surges above $70 a barrel

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AFP
ID: 
1615184255631291400
Mon, 2021-03-08 01:47

HONG KONG: Brent crude oil surged more than two percent Monday following a missile attack on facilities owned by energy giant Aramco in Saudi Arabia, and on optimism about the demand outlook as the global economy recovers.
A barrel of the black gold jumped 2.11 percent to $70.82 a barrel, the highest since May 2019.

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Arab coalition intercepts 2 ballistic missiles launched by Yemen’s Houthis towards Saudi ArabiaSaudi oil port and Aramco residential area targeted by drone, missile