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Brent crude oil price jumps to $112 after Saudi Arabia attacks

Oil markets

Brent crude tops $112

Oil prices jumped on Thursday after deadly attacks in Saudi Arabia.

Explainer

What Brent crude is

Brent is the global price marker for oil. It shapes fuel costs worldwide.

Numbers

The jump

Brent rose more than 3% to about $112 a barrel on Thursday.

Numbers

US oil climbs too

US crude, called WTI, moved toward $99 a barrel on the same day.

The strikes

Dammam airport hit

A strike on a civilian airport in Dammam killed one person and hurt eight.

The strikes

Oil field drone strike

A drone hit Saudi Aramco's Shaybah oil field. Two people died.

Reaction

US pulls people out

Washington ordered some diplomats and families to leave Saudi Arabia.

Shipping

Ships under attack

At least 18 attacks hit Gulf shipping in the past two weeks.

Shipping

Why routes matter

The Gulf carries a huge share of the world's oil. Danger lifts prices.

Supply

Stockpiles fall

US oil stockpiles fell 3 million barrels last week, more than expected.

The run

Up 80% this year

Brent has gained more than 80% this year on the US-Iran conflict.

Outlook

What comes next

Expect more price swings while the conflict and shipping risks last.

Finance

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