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Aramco shares jump on rising oil price and higher exports
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Aramco shares jump on rising oil price and higher exports
Shares in Saudi Aramco closed at a five-month high on Wednesday following news of an increase in exports and rising oil prices. The oil major exported 6.4 million barrels of crude oil per day in August, compared with 6 million in July, according to the Joint Organisations Data Initiative. It marked the highest export figures since February. The news coincided with a 2 percent rise in the price of oil futures. Higher US demand was expected in an…
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