RIYADH: Shares in oil giant Aramco touched the highest level in its history of SR43.1 ($11.5) on Wednesday, propelled by a rally in the energy market. This brought the oil giant’s market value to as much as $2.3 trillion, positioning it as the second-largest valued company worldwide after Apple Inc. The shares have been trading at record levels for few times recently, breaking a new record every few days. At 11:48 a.m., shares slightly retreated to SR42.85, having jumped 3.38 percent during the day. Oil prices rose significantly ahead of the OPEC+ meeting –where the Organization of the Petroleum Exporting Countries members and its allies will convene to discuss oil output. Brent crude topped $111 during Wednesday Trading, after settling at $105 a day earlier, and US benchmark WTI neared $110 per barrel as of 11:44 a.m. Saudi time.
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