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September 17, 2019

Spike in crude oil rattles stock market

By STAN CHOE and ALEX VEIGA
AP Business Writers

Airlines, cruise lines and other companies in fuel-dependent industries dragged U.S. stocks lower Monday after an attack on Saudi Arabia's biggest oil processing facility sent crude prices soaring.

The U.S. and international benchmarks for crude each vaulted more than 14% — that's comparable to the 14.5% spike in oil on Aug. 6, 1990, following Iraq's invasion of Kuwait.


 
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