Global oil prices surge!

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Oil prices jumped by several percentage points on Monday after US President Joe Biden returned from his Saudi Arabia trip without getting firm assurances from Arab allies to boost crude supplies amid a severe shortage caused by sanctions on Russia.

All major benchmarks were higher on Monday morning, with Brent crude, a benchmark for purchases on global financial markets, rising more than four percent to $105 per barrel, bringing the prices back to above $100 after several months..






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