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Brent Crude Surges to $109 as Saudi Pipeline Closure Worsens Supply Crisis

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The Story

News Summary

  • Brent crude surged past $109 per barrel after Saudi Arabia halted its 7 million barrel-per-day East-West pipeline following attacks.
  • Compounded by an Iranian blockade, stalled regional talks, and near-record-low global reserves, massive supply disruptions are driving intense upward price pressure.
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BRENT price history

102.34 +56.87% over the displayed period

Advisor Snapshot

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