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8 hours ago
WASHINGTON (Reuters) – Crude oil prices rose more than 19 percent after a drone hit on two oil facilities in Saudi Arabia, which disrupted about 5 percent of global supply.
Brent crude futures jumped more than 19% to $ 71.95 a barrel, while US crude futures rose more than 15% to $ 63.34 a barrel.
US President Donald Trump on Sunday night authorized the use of oil from the US strategic reserve to stabilize the market following attacks on oil facilities in Saudi Arabia.
"Based on the attack against Saudi Arabia, which could have an impact on oil prices, he authorized the use of strategic reserve oil, if necessary, in sufficient quantities determined to maintain a good market supply, "Trump said on his official Twitter page. .
Agencies
… enough for the markets to be well stocked. I have also informed all relevant agencies to speed up the approval of pipelines being licensed in Texas and in various other states.
– Donald J. Trump (@realdonaldtrump) September 15, 2019
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