Saudi Arabia: Missile and drones attack on crude oil installations, crude oil prices rise
Prices in the global crude oil market, which were already steadily climbing after the attacks on petroleum installations in Saudi Arabia, rose on Monday. In the meeting of the Oil Producer and Exporting Countries Forum (OPEC) and its partner countries last week, the decision to keep the production cuts close, the process of raising prices in the crude oil market itself was intensified. The market was further aggravated by the news of an attack on the installations of major oil producer Saudi Arabia. Brent crude, considered the barometer of the market, jumped $ 1.14 to reach $ 70.14 a barrel on Monday. For the first time after more than a year, Brent crude oil has gone above 70. On Friday, it had gained $ 2.62. US crude oil also jumped $ 1.10 to reach 67.19 a barrel. On Friday, it had risen by $ 2.26 and its price had gone to 66.09. Last year, crude oil broke due to the Korana virus infection and public restrictions imposed on visits by governments....