Oil up after drone attack on Saudi field, but OPEC report caps gains - 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 of progress in U.S.-China trade negotiations.
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 36 cents, or about 0.6%, at $59.00 a barrel at 1225 GMT.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 30 cents, or 0.5%, at $55.17 a barrel.
A drone attack by Yemen’s Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant, adding to Middle East tensions, but state-run Saudi Aramco said oil production was not affected.
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