feed: Energy Stories
Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the start of the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut in the equivalent of 5% of global supply.
Oil prices rebounded slightly on Tuesday from big falls in recent sessions, but Brent crude remained near eight-month lows around $60 a barrel due to escalating trade tensions between China and the United States.
The U.S. opposes Nord Stream 2, arguing the pipeline would allow Moscow to bypass Ukraine and use energy as a weapon against its neighbors.
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