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Brent crude rises above $110 as attacks in Saudi Arabia stoke supply fears

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Oil prices climbed past $110 a barrel after Houthi attacks in Saudi Arabia raised concerns about supply disruptions. The United States responded with precautionary steps, evacuating the families of its diplomats from the kingdom as security conditions worsened. Separately, US crude inventories fell sharply, while distillate stocks unexpectedly rose. Threats to energy supplies linked to Iran have also heightened worries about the safety of shipping routes.

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