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Oil prices intensified on Monday; An imaginary rise in oil prices has not occurred in 30 years, coinciding with the terrorist attack on two crude oil facilities in the kingdom.
Oil closed up nearly 15%, with Brent recording its largest increase in 30 years, with record volumes.
Futures contracts for Brent were set at $ 69.02 per barrel, up $ 8.80 or 14.6%, the largest percentage increase since a day since at least 1988.
West Texas Intermediate (WTI) futures contracts closed at $ 62.90 per barrel, up $ 8.05 or 14.7%, the largest one-day percentage gain since December 2008.
Trade volumes also increased, surpassing Brent's two million lots, recording record daily volumes, said Rebecca Mitchell, spokesperson for the Intercontinental Exchange.
"The attack on the Saudi oil facility has caused shock and surprise on a market," said Tony Hedrick, energy market analyst at CHS Hedging, a commodities broker .
He continued, "I think there was a sudden change in the supply expectations, which were caught unawares and that they owed a lot to their positions, which encouraged the creation of more credit centers ".
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