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Crude oil prices have hit a 43-month high after reports that a pipeline1 exploded in Saudi Arabia, the world's biggest oil producer. 世界上最大的石油生产国,沙特阿拉伯的一条输油管道发生爆炸,原油价格因此上升至近43个月以来最高点。 Brent crude jumped $5.74 to $128.40 per barrel in New York on Thursday, the highest since July 2008. Saudi officials denied the reports, however, helping2 prices fall back from their highs in Asia on Friday. A number of issues have pushed prices higher, including tensions over Iran's nuclear plans and regional unrest. The new high set on Thursday beat the level seen during the Libyan civil war last year. In early trading on Friday, Brent was trading at $125.49 per barrel, with US light sweet crude at $108.47 per barrel. 'Market nervousness' The problem facing the oil market at the moment is that events in a number of countries could have an impact on supply and demand, often causing traders to react more quickly to speculation3 and increasing volatility4(挥发性) . On Thursday, the trigger was a report in the Iranian media that an explosion had occurred at a pipeline in Saudi Arabia. The report came at a time when there has been a steady increase in friction5(摩擦) between the US, its allies and Iran. The US has imposed fresh sanctions against Tehran targeting the country's oil exports, while the European Union has announced a ban on imports of Iranian oil. For its part, Iran has threatened that it will close the Straits of Hormuz, a vital oil-trade route for oil from the Gulf6 - including Saudi oil - if the West imposes more sanctions. Analysts7 said all these issues had created an uncertainty8 over oil supplies and the latest reports had only fanned those fears further. "The sharp move up on the pipeline story points to the market nervousness on anything related to supply problems," said Gene9 McGillan of Tradition Energy. 点击收听单词发音
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