Experts expect a significant rise in oil prices following the drone attacks on Saudi oil facilities

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All eyes will be on the oil markets when they reopen tomorrow, with experts expecting a significant rise in price following the damaging drone attacks on two Saudi oil facilities. A barrel of crude oil cost 60 dollars on Friday and some analysts believe that could spike up to 80 dollars or more. Saudi Arabia’s state-owned company Aramco is the world’s biggest oil producer, generating 10 per cent of the world’s oil. The drone attack has knocked half of its – and five per cent of the world’s – oil supply offline.

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