Markets

Brent crude oil price surges above $70 a barrel

  • A barrel of the black gold jumped 2.11 percent to $70.82 a barrel, the highest since January 2020.
Published March 8, 2021 Updated March 8, 2021 05:31pm
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HONG KONG: Brent crude oil surged more than two percent Monday following a missile attack on facilities owned by energy giant Aramco in Saudi Arabia, and on optimism about the demand outlook as the global economy recovers.

A barrel of the black gold jumped 2.11 percent to $70.82 a barrel, the highest since January 2020.