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Business Insider 09/16/2019 05:12
Oil stocks are surging on Monday after strikes on Saudi oil fields damaged roughly half of the Kingdom's oil production. Exxon Mobil surged in premarket 3.6% while BP and shell also rallied in opening trading in Europe. In opening trading, Brent crude oil surged as much as 20% to nearly $72 a barrel, one of the biggest spikes on record. . Oil stocks are surging on Monday after strikes on a Saudi Arabian oil field over the weekend disrupted roughly half of the Kingdom's oil supplies. Brent crude oil shot up 20% on opening trading in Asia, marking one of the biggest spikes on record, later coming down to 8.3% by the time markets opened in Europe.

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