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Oil prices soar after drone attacks in Saudi Arabia

Article image for Oil prices soar after drone attacks in Saudi Arabia

Oil prices have soared after a series of drone attacks on a petroleum processing facility in Saudi Arabia.

Prices reached six-month highs on Monday, up by as much as 20 per cent.

Vanda Insights’ Vandana Hari tells John Stanley it’s a complex situation.

“The bulk of the requirements still continue to come from the middle east.

“There are these problems in that region that don’t look like they’re going to go away any time soon.”

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