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A drone attack on the Ras Tanura port in Saudi Arabia helped launch a rapid rise in prices for crude. An analyst noted that the surge in value could be exaggerated by tight production quotas and an inability on the part of US shale producers to rapidly increase production.

Crude price surges after Saudi energy facilities attacked

A drone attack on the Ras Tanura port in Saudi Arabia helped launch a rapid rise in prices for crude. An analyst noted that the surge in value could be exaggerated by tight production quotas and an inability on the part of US shale producers to rapidly increase production.

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