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Crude Prices Rise Upon News of Terrorist Plot in Saudi Arabia

April 28, 2007

NEW YORK --- After Saudi Arabia officials announced they had thwarted a terrorist plot to attack petroleum facilities, concerns about future potential attacks caused oil prices to reach their highest in 33 weeks on Friday. Light, sweet crude rose $1.40 to $66.46 at the close of trading in New York on Friday, according to USA Today.
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