The price of Brent crude shot up nearly 20 percent. Read this information to know more about it.
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Economy

Attacks on Saudi facilities roil global oil market

London / The 5 percent drop in global crude output caused by last weekend’s strikes on Saudi petroleum facilities was reflected Monday in steep hikes in oil prices on international markets.

The price of Brent crude, the international benchmark, shot up nearly 20 percent to $71.95 a barrel, the largest increase in percentage terms since the Iraqi invasion of Kuwait in 1990.

By the end of the trading day in Europe, the price of Brent fell back to $69.02 a barrel, up 14.59 percent from last week’s close.

The US benchmark, West Texas Intermediate, climbed 14.8 percent to $62.90 a barrel to post its biggest one-day jump in more than a decade.

Seeking to calm the markets, the United States announced that President Donald Trump had given authorization in principle for the release of crude from the Strategic Petroleum Reserve (SPR) to stabilize prices, if that should prove necessary.

But US Energy Secretary Rick Perry said it was too soon to say whether Washington will need to tap its emergency oil stocks.

“I think we’re yet a little premature in making in comments on … whether or not the SPR’s going to be needed until we get a real handle on the length of time that this facility is going to be down,” he told CNBC television.

“I think the Saudis are already saying that they’re going to be able to get a third of this production back before the closing of business today,” Perry said. “There’s going to be a spike in this, but again, I want to be really clear that the market out there has a fairly substantial amount of oil available.”

The grouping known as OPEC+, comprising the 14-member Organization of Oil Exporting Countries along with other major producers such as Russia and Kazakhstan, is not contemplating any special measures in response to the decline in output from Saudi Arabia, Moscow said Monday.

Saudi state-owned oil giant Aramco said that it could be weeks before the damaged facilities to return to normal operation and said that the attacks had reduced its production by around 5.6 million barrels per day.

Houthi rebels in Yemen, where Saudi Arabia has been waging war since 2015, claimed responsibility for Saturday’s attacks, but US officials have blamed Iran. (September 16, 2019, EFE/Practica Español)

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Comprehension

Lee la noticia y responde a las preguntas (Read the news and answer the questions)

Congratulations - you have completed Lee la noticia y responde a las preguntas (Read the news and answer the questions). You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Question 1
Principalmente, en el texto se habla... (Mainly in the text, it's talked about...)
A
de una fuerte subida del precio del petróleo.
B
detalladamente de unos ataques a unas refinerías saudíes.
C
de lo que ocurrió en la guerra del Golfo.
Question 2
En el texto se dice que esa subida... (It's said in the text that rise...)
A
no tiene nada que ver con la producción mundial de petróleo.
B
no tiene nada que ver con unos ataques a unas refinerías.
C
tuvo lugar como consecuencia de unos ataques a unas refinerías.
Question 3
En el texto se dice que... (It's said in the text that...)
A
la reducción de producción de petróleo afectó al precio del crudo.
B
esta es la primera vez que el precio sube tanto en términos porcentuales.
C
el barril Brent es más barato desde que se produjeron esos ataques.
Question 4
Según el texto... (According to the text...)
A
EE.UU. liberó parte de las reservas de petróleo.
B
Rusia decidió vender sus reservar de petróleo para controlar esa subida.
C
por el momento ni EE.UU. ni Rusia han hecho nada al respecto.
Question 5
En el vídeo se dice que... (It's said in the video that...)
A
los ataques se realizaron con drones.
B
el suministro global del crudo se ha reducido un 50%.
C
las instalaciones atacadas ya operan con normalidad.
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There are 5 questions to complete.

Vocabulary

Congratulations - you have completed . You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Question 1
Una 'refinería' es... (A 'refinería' is...)  
A
el lugar donde se destruye un producto.
B
el lugar donde se vende un producto.
C
una instalación donde se refina un producto.
Question 2
En el texto, 'crudo' se refiere... (In the text, 'crudo' refers to...)  
A
a un alimento que no se ha cocinado.
B
al petróleo que todavía no se ha refinado.
C
al petróleo que ya se ha refinado.
Question 3
Un sinónimo de 'provocar' es... (A synonym for 'provocar' is...)  
A
'impedir'.
B
'causar'.
C
'dificultar'.
Question 4
Algo que es 'prematuro'... (Something that is 'prematuro'...)  
A
tarda mucho en darse o en suceder.
B
ocurre al mismo tiempo que otra cosa.
C
se da o sucede antes de tiempo.
Question 5
'Si bien' significa... ('Si bien' means...)  
A
al mismo tiempo.
B
así.
C
aunque.
Question 6
El artículo determinado para 'país' es: (The definite article for 'país' is:)
A
el
B
la
C
lo
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There are 6 questions to complete.

Review grammar notes: simple tenses of the indicative mood, prepositions 'de' and 'desde'


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