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Euronews
Euronews
Quirino Mealha

Oil surges past $108 as Hormuz attack and Saudi pipeline shutdown rattle markets

The oil market spent Monday morning pricing in a weekend of bad news from the Gulf.

Brent for October and November deliveries gained over 3% and crossed $108 a barrel, while the US benchmark WTI for October also rose more than 3% to around $103, both extending last week's advance after each reclaimed the $100 threshold.

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