Oil prices rise as #Saudi supply risks come into focus - Reuters

Oil prices rise as Saudi supply risks come into focus - Reuters:

Oil prices rose sharply on Thursday, supported by supply risks as the market assesses the fallout from last weekend’s drone attacks on Saudi oil infrastructure.

Brent crude futures LCOc1 gained 96 cents to $64.56 a barrel by 1347 GMT, while U.S. West Texas Intermediate crude CLc1 was up 51 cents at $58.62 a barrel.

The attacks knocked out around half of Saudi Arabia’s crude production and severely limited the country’s spare capacity, a cushion for oil markets in any unplanned outage.