Oil prices leap as attack on Saudi facility disrupts output

Oil prices surged Monday after an attack on Saudi Arabia’s largest oil processing plant halted output of more than 5.7 million barrels of crude a day. But after an initial spike, crude oil prices moderated as traders analyzed the likely longer-term implications. By late morning in Asia on Monday, US crude oil was up $4.89 per barrel, or 8.9%, to $59.73 per barrel early Monday