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.
![Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra, 340 miles (550 kilometers) southeast of Baghdad. (AP)](https://www.arabnews.com/sites/default/files/2021/03/08/2510251-13657599.jpeg)
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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