Saudi supply disruption boosts oil
Buyers and traders remain sceptical despite reassurances by Saudi Arabia that it can resume full production by end-September after attack on processing facility
Singapore — Oil prices rose to their highest in two sessions on Monday amid concerns about oil supply disruptions from Saudi Arabia and elevated tensions in Middle East.
Brent crude futures increased to as much as $65.50 a barrel. The front-month contract was at $64.84, up 57 cents, or 0.9% at 4.24am SA time.