Oil prices jumped today, after two sabotage attacks on Saudi Aramco's oil facilities.
News agencies reported on the weekend two drone attacks on two Aramco's oil facilities in Abqaiq and Khurais.
The Saudi Energy Minister, Prince Abdulaziz bin Salman stated that these attacks have suspended 50% of production in the attacked facilities.
President Trump's administration accused Iran of being behind the attacks and the US Secretary of Energy Rick Perry proposed an international coalition of oil producers and consumers to counter Iran's activities in the region.
Brent jumped by the biggest daily gain in dollars since the Gulf War, weighed by global markets' concern about crude supplies and overall economic growth as a result of the jump in prices.
Oil prices surged today, and Brent notched the largest daily gains (in dollars) since the first Gulf War, on markets' concerns over global supplies and economic growth.
As of 15:51 GMT, WTI rose by 11.6% to $61.2 a barrel, with an intraday high of $63.3 and a low of $58.7.
Brent jumped 12.1% to $67.5 a barrel, with a high of $71.9 and a low of $64.6.