RealNews

Oil falls $2 after steep Saudi-led gain

Oil fell nearly two dollars on Monday, unwinding gains made after a foiled al Qaeda attack on the world’s biggest oil processing plant in Saudi Arabia. No supplies were disrupted from the leading oil exporter but tension remained high. Al Qaeda has warned of further attacks and Saudi forces on Monday killed five suspected militants believed to be linked to Friday’s suicide bomb attempt. U.S. light sweet crude for April delivery settled $1.91 lower at $61, off a session low of $60.85. Brent crude futures fell $1.61 to $60.99 a barrel. Full Story

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