Aramco shares rise to record high as oil tops $100 for first time since 2014
Reuters
Published Feb 24, 2022 04:55AM ET
Updated Feb 24, 2022 05:52AM ET
DUBAI (Reuters) - Saudi Aramco (SE:2222) shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked Ukraine.
Brent crude topped $100 a barrel for the first time since 2014, exacerbating concerns that a war in Europe could disrupt global energy supplies.
Shares of Aramco are up for a third consecutive day and have gained more than 16% year to date. Saudi Arabia's benchmark index was down 2.2% in afternoon trade.
($1 = 3.7517 riyals)
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Written By: Reuters
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