Aramco shares rise to record high as oil tops $100 for first time since 2014

A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo

DUBAI, Feb 24 (Reuters) - Saudi Aramco (2222.SE) shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked Ukraine.

Brent crude

Shares of Aramco are up for a third consecutive day and have gained more than 16% year to date. Saudi Arabia's benchmark index (.TASI) was down 2.2% in afternoon trade.

($1 = 3.7517 riyals)

Reporting by Maqsood Alam in Bengaluru; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.