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2022-03-03 14:10:00

SAUDI ARAMCO $2.3 TLN

SAUDI ARAMCO $2.3 TLN

AN - March 02, 2022 -  Shares in oil giant Aramco touched the highest level in its history of SR43.1 ($11.5) on Wednesday, propelled by a rally in the energy market.

This brought the oil giant’s market value to as much as $2.3 trillion, positioning it as the second-largest valued company worldwide after Apple Inc.

The shares have been trading at record levels for few times recently, breaking a new record every few days.

At 11:48 a.m., shares slightly retreated to SR42.85, having jumped 3.38 percent during the day.

Oil prices rose significantly ahead of the OPEC+ meeting –where the Organization of the Petroleum Exporting Countries members and its allies will convene to discuss oil output.

Brent crude topped $111 during Wednesday Trading, after settling at $105 a day earlier, and US benchmark WTI neared $110 per barrel as of 11:44 a.m. Saudi time.

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Earlier:

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Tags: SAUDI, ARAMCO
Chronicle:
SAUDI ARAMCO $2.3 TLN
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