Oil prices have risen 38% in the past year — Here’s what may be next

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  • CNBC Television published this video item, entitled “Oil prices have risen 38% in the past year — Here’s what may be next” – below is their description.

    The global benchmark Brent crude futures popped on Monday, briefly moving above $70 a barrel for the first time in more than a year. The surge in oil prices came after Saudi Arabia said its oil facilities were targeted by missiles and drones on Sunday. A Houthi military spokesman claimed responsibility for the attacks. CNBC’s Brian Sullivan reports.

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    In This Story: Saudi Arabia

    Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.

    Saudi Arabia also has one of the world’s youngest populations, with approximately 50 percent of its population of 34.2 million being under 25 years old.

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