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1 day ago, 04:52 AM
Saudi Arabia closed its east-west pipeline (from Abqaiq to the Red Sea port of Yanbu) following a weekend drone strike—the route had previously absorbed crude blocked by the Strait of Hormuz; reportedly, Yanbu's inventory can only sustain 5-7 days of exports.
Brent crude weekly close rose over 8%, reclaiming the $100 level.
With oil prices surging, bonds weakening, optimistic CPI data, and forced rate hike signals, will the stock market crash? Exercise extreme caution.
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