Updated August 15, 2022 at 12:01 PM ET
from Saudi Arabia The national oil company posted a 90% jump in quarterly profits amid high oil prices, generating billions of dollars in cash that is giving new impetus to the kingdom’s economic renewal and bolstering its geopolitical power.
Stocks have been reached another milestone in its comeback last week, with the Nasdaq surging more than 20% from its mid-June low to end its longest bear market since 2008.
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