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Attack on Saudi oil site fuels upward march for crude prices

March 8, 2021

Via: ABC News
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Oil prices remained elevated Monday as Saudi Arabian oil facilities were targeted by drone strikes just days after the largest crude exporting nations in the world said they would not increase output.

Brent crude, the international standard, surpassed $70 per barrel for the first time in over a year. Even after it lost ground in afternoon trading, at $68.19 a barrel prices are still hoverning at levels not seen since the early days of last year.

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