Attack on Saudi Arabian pipeline may cut four percent of world's oil supply

Attack on Saudi Arabian pipeline may cut four percent of world's oil supply Saudi Arabia may need five to six weeks to repair damage from a drone attack on its East-West Pipelin e, taking nearly four percent of global oil supplies off the market, according to a report by Reuters. Brent, the international benchmark, was trading up three percent on Monday at nearly $108 per barrel. Oil already soared last week as a result of a lightning Houthi offensive that put the group in control of Yemen’s side of the Bab el-Mand