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Brent Surges Past $105 as Saudi Output Plunges and Conflict Escalates

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The Story

News Summary

  • Brent crude surged past $105 per barrel amid escalating Middle East conflict and severe supply disruptions.
  • Saudi oil output plunged by 1.9 million barrels daily to its lowest level since 1990, while heightened shipping risks and rising Chinese import demand further tightened global energy markets.
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Stored market data

BRENT price history

104.61 +64.07% over the displayed period

Advisor Snapshot

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