Price of oil jumps nearly 15% amid Middle East volatility

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Asia-Saudi Arabia

Saudi Oil Prices higher than the rest of the world

Oil prices ended nearly 15 percent higher on Monday, with Brent crude logging its biggest jump in more than 30 years amid record trading volumes.

Brent crude futures settled at $69.02 a barrel, rising $8.80, or 14.6 percent – its largest one-day percentage gain since at least 1988.

In the United States, West Texas Intermediate futures ended at $62.90 a barrel, soaring $8.05, or 14.7 percent – the biggest one-day percentage gain since December 2008.

Al jezeera

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