Oil price jumps $63 on Saudi oil facility attack
Posted: 27 February 2006
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Oil prices in New York rallied more than $2 a barrel and rose above $63 Friday afternoon after terrorists tried to blow up a major Saudi oil facility.
The April crude futures contract on the New York Mercantile Exchange jumped $2.61 a barrel to hit a high of $63.15 a barrel before easing back a bit.
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