The news over the weekend was of repairs likely to take longer than the market had been led to believe last week:
- Oil - Aramco says repairs to Saudi plant could take many months rather than weeks
- Oil - more on the Aramco repairs story (could take months, not weeks)
Further backing this up was news out of Japan:
Oil trade on futures markets, just reopening for trade, has seen a gap higher. Gaps do tend to fill, let's see how these fare given the new news.
