Oil rises after Saudi oilfield attack, but recession worries cap gains

SINGAPORE: Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists, although price gains were capped by an unusually downbeat OPEC report that stoked concerns about demand growth.

Brent crude was up 45 cents, or 0.8 per cent, at $59.09 a barrel at 0035 GMT,

U.S. crude was up 39 cents, or 0.7 per cent, at $55.26 a barrel.