Analysts said that despite the Paris attacks and resulting French airstrikes in Syria, prices would remain low for the rest of the year and into 2016 as oil markets stay oversupplied, with most estimates for 2015 ranging from production outpacing demand by 0.7-2.5 million barrels per day. (This file photo shows an oil well near Tioga, North Dakota - AFP)
SINGAPORE: Oil prices rose in Asia Monday after crude kingpin Saudi Arabia cut diplomatic ties with Iran following a row over Saudi Arabia's execution of a Syiah cleric.
Saudi Arabia announced the decision Sunday, a day after protesters ransacked its embassy in Tehran over the execution of a Syiah cleric.
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