Oil prices hit two-year high following Saudi corruption crackdown
Brent Crude hit $64.3 a barrel
Oil rigs in the US cut to 729
Oil prices climbed to their highest level in two years after Saudi Arabia's Crown Prince issued an anti-corruption order, which resulted in the arrests of princes, senior officials and businessman.
The price of Brent Crude rose 3.5% to $64.3 a barrel by the end of yesterday's trading, while West Texas Intermediate (WTI) rose 3% to $57.4 a barrel, both their highest levels since July 2015. According...
More on Commodities
Most read
Back to Top