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- CARL AZUZ, CNN 10 ANCHOR: This is CNN 10. Welcome to everyone watching around the world. My name is Carl Azuz, happy you`re joining us for a look
- at international events. Oil has been front and center in headlines and stock markets since an attack was carried out against oil facilities in
- Saudi Arabia last Saturday. No one was hurt but Saudi Arabia exports more oil than any other country and half of its production was temporarily
- disrupted. That caused a surge in oil prices when international stock markets opened on Monday. Oil is sold by the barrel. Each barrel is equal
- to 42 gallons. A barrel of Brent crude oil, a world standard, was selling for around $60 a barrel last Friday before the attack happened.
- Afterward on Monday, the price of Brent crude had risen to almost $72 at one point. That was its biggest increase in history and it had an impact
- on stock markets around the world, but the higher price didn`t hold. Yesterday it had settled back down to less than $64 a barrel. The reasons
- why? The Reuters News Agency reported that Saudi Arabian oil production would be back to normal in two to three weeks. And on Tuesday the Middle
- Eastern country`s energy minister said that Saudi Arabia would use its reserves around the world to make sure its oil exports would stay the same
- despite the damaged facility. So stock market investors saw all this as good news for the worlds oil supply and prices decreased.
- Meantime, an international investigation is trying to figure out who conducted the attack. A United States government official told CNN that
- circuit boards from one of the weapons used have been recovered and that the indicate that both drones and missiles were used in the attack. The
- official says Iran is a suspect though that country denies being involved.
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