Stock Groups

Aramco shares rise to record high as oil tops $100 for first time since 2014 -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – A view of branded oil tanks in Saudi Aramco’s Abqaiq oil facility, Saudi Arabia. October 12, 2019, 12:01 p.m. REUTERS/Maxim Shemetov/File Photo

DUBAI (Reuters). Saudi Aramco Shares of (SE) surged 4.2% to record 42.25riyals ($11.26), Thursday, as oil prices exceeded $100/barrel after Russia attacked Ukraine.

For the first time in 2014, oil prices topped $100 per barrel. This increase exacerbates fears that war in Europe might disrupt world energy supply.

Aramco shares are currently up for the third straight day. They have also gained over 16% in the past year. In afternoon trading, Saudi Arabia’s benchmark index fell 2.2%.

($1 = 3.7517 riyals)

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]