Brent hops past US$70 for first time since pandemic began after Saudi attack

SINGAPORE, March 8 (Reuters): Brent crude futures climbed above US$70 a barrel on Monday for the first time since the Covid-19 pandemic began, while US crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities.

Brent crude futures for May hit $71.38 a barrel in early Asian trade, the highest since Jan. 8, 2020, and were at $70.56 a barrel by 0730 GMT, up $1.20, or 1.7%.