SINGAPORE (Reuters) – Crude oil costs rose on Monday following a weekend assault on a Saudi oil facility by Yemeni separatists and as merchants seemed for any indicators that Sino-U.S. commerce tensions may ease.
FILE PHOTO: A pump jack operates within the Permian Basin oil and pure fuel manufacturing space close to Odessa, Texas, U.S., February 10, 2019. Image taken February 10, 2019. REUTERS/Nick Oxford
However value positive aspects have been capped by an unusually downbeat OPEC report that stoked issues about progress in oil demand.
Brent crude LCOc1 was up 64 cents, or about 1.1%, at $59.28 a barrel at 0255 GMT,
U.S. crude CLc1 was up 55 cents, or 1%, at $55.42 a…