Oil Gains 3% After Saudi Pipeline Attack
Oil prices rose by more than 3% following attacks that led to the closure of a Saudi oil pipeline, amid growing concerns over the global oil supply. This increase came after attacks on energy infrastructure in Saudi Arabia and Iranian attacks on ships in the Middle East, escalating geopolitical tensions and impacting the oil market. Brent crude reached $107.82 per barrel, the highest level since May, with expectations of continued increases amid regional instability.
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