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Saudi Arabia’s Exports Surge in October on Higher Oil Prices

Saudi Arabia’s exports soared in October as the world’s biggest oil exporter benefited from higher crude prices.

The value of exports jumped to 106.2 billion riyals ($28 billion) from 55.9 billion riyals a year ago, according to the kingdom’s General Authority for Statistics. The share of oil in total exports rose to 77.6% in October from 66.1%.