SINGAPORE: Oil extended its pullback, after a dizzying start to the week, on signs Saudi Arabia is restoring production following a debilitating weekend attack on key installations.
Brent futures edged lower in early Asia trade on Wednesday after tumbling 5.7% as Saudi Aramco said it had revived 41% of capacity at a key crude-processing complex days after a devastating aerial attack that wrecked vital equipment and rocked global energy markets. The global oil benchmark, which jumped to just shy of $72 a barrel in reaction to the disruptions, was back to about $64.