Monday 19 August 2019

Oil rises after drone attack on Saudi field - Reuters

Oil rises after drone attack on Saudi field - Reuters:

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that Sino-U.S. trade tensions could ease.

Price gains were, however, capped to some degree by an unusually downbeat OPEC report that stoked concerns about growth in oil demand.

Brent crude LCOc1, the international benchmark for oil prices, was up 55 cents, or about 0.9%, at $59.19 a barrel at 0820 GMT,

U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 57 cents, or 1%, at $55.44 a barrel.

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