Oil prices climbed to their highest level in two years after Saudi Arabia's Crown Prince issued an anti-corruption order, which resulted in the arrests of princes, senior officials and businessman.
The price of Brent Crude rose 3.5% to $64.3 a barrel by the end of yesterday's trading, while West Texas Intermediate (WTI) rose 3% to $57.4 a barrel, both their highest levels since July 2015. According to the Financial Times, targets of Crown Prince Mohammed bin Salman's anti-corruption commission, led by his son of the same name, included one of the world's richest men Prince Alwaleed bin Talan and head of the National Guard Prince Miteb bin Abdullah. Multi-asset insight: Video interview with BillMcQuaker Oil prices have been on the rise ever since the Oil of the Petroleum Expor...
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