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The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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The 26thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

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BEIJING, China

March 25-27,2026

LOCATION :Home> News> Industry News

Oil prices surge after Saudi Arabia's anticorruption crackdown

Pubdate：2017-11-07 11:42 Source：liyanping Click：
NEW YORK, Nov. 6 (Xinhua) -- Oil prices rallied on Monday, after Saudi Arabia arrested 11 princes and 38 sitting and former ministers and deputy ministers over corruption charges.

The West Texas Intermediate for December delivery rose 1.71 U.S. dollars to settle at 57.35 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery jumped 2.20 dollars to close at 64.27 dollars a barrel on the London ICE Futures Exchange.