Aramco shares rise to record high as oil tops $100 for first time since 2014

by Reuters

DUBAI – Saudi Aramco shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked Ukraine.

Brent crude topped $100 a barrel for the first time since 2014, exacerbating concerns that a war in Europe could disrupt global energy supplies.

Shares of Aramco are up for a third consecutive day and have gained more than 16% year to date. Saudi Arabia’s benchmark index was down 2.2% in afternoon trade.

($1 = 3.7517 riyals)


(Reporting by Maqsood Alam in Bengaluru; editing by Jason Neely)


tagreuters.com2022binary_LYNXMPEI1N0JI-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.