Oil Tops $110 as Attacks on Saudi Arabia Escalate and Supply Concerns Mount

Oil prices continued to rise, with Brent crude back above $110 a barrel after new deadly attacks on Saudi Arabia raised fears of supply disruption. The rally spilled over into currency markets, as the Canadian dollar strengthened and the USD/CAD pair fell.

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• Brent crude is back above $110 a barrel after new deadly attacks on Saudi Arabia.

  «ICE Brent back above $110/bbl this morning following additional deadly attacks on Saudi Arabia.»

  Seeking Alpha
• The rise in prices coincided with a drop in US crude oil inventories and fears that the conflict in the Middle East could widen.

  «يتجاوز خام برنت 110 دولارات للبرميل وسط تراجع مخزونات النفط الأميركية.»

  شبكة مصدر الاخبارية
• The Canadian dollar strengthened as oil rose, pushing the USD/CAD pair lower.

  «الدولار الكندي يكتسب قوة مع ارتفاع أسعار النفط مما يدفع الدولار الأمريكي/الدولار الكندي USD/CAD إلى التراجع»

  FXStreet
• Gold hovered near its lowest level in a week as oil prices rose.

  «الذهب قرب أدنى مستوى في أسبوع مع ارتفاع أسعار النفط»

  Reuters

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