Brent jumps back above $65, heads for weekly gain

Oil prices surged today despite Saudi Arabia assuring the market of the resumption of the productin full capacity, ahead of Baker Hughes US oil rigs count data.

News reportes revelead that Saudi Arabia requested 20 million barrels from the Iraqi company SOMO to supply its dmaged facilities.

Bloomberg said that Aramco is expected to take months to fully recover from the severe damage after the sabotage attacks in Abqaiq and Khurais.

President Donald Trump announced that he had imposed sanctions on the Iranian central bank- describing them as the biggest against Tehran -over its Saudi attacks.

Baker Hughes will release later today the US oil and natural gas drilling rigs data for this week.

As of 16:36 GMT, WTI futures (October delivery) - which expires today - rose by 1.3% to $58.9 a barrel, with a high of $59.1 and a low of $58.3 .

Brent rose 1% to $65.05 a barrel, with a high of $65.2 and a low of $64.4.