"The cabinet affirms that these acts of terrorism and sabotage .The Saudi tankers Al-Marzoqah and Amjad suffered "significant damage" in as yet unexplained sabotage attacks in the Sea of Oman off the United Artab Emirates on Sunday, Energy Minister Khalid al-Falih said, but there were no casualties or any oil spill.Yemens Huthi rebels claimed responsibility for the dust proof seal for sale strikes and said they were a response to "crimes" committed by Saudi Arabia and its allies during more than four years of war in support of the government.The Saudi cabinet called for "confronting terrorist entities which carry out such sabotage acts, including the Iran-backed Huthi militias in Yemen.17 a barrel by 0227 GMT, having earlier touched USD 73."United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei earlier told reporters that producers were capable of filling any market gap and that relaxing supply cuts was not "the right decision.

1 for six months to prevent inventories from increasing and weakening prices.40, the highest since April 26.Russian Energy Minister Alexander Novak earlier said an easing of cuts had been discussed and the supply situation would be clearer in a month, including from countries under sanctions.58 a barrel.The rhetoric follows last week’s attacks on Saudi oil assets and the firing of a rocket on Sunday into Baghdad’s heavily fortified "Green Zone" that exploded near the US embassy.Tokyo: Oil rose to multi-week highs on Monday after OPEC indicated it will likely maintain production cuts that have helped support prices this year, while tensions continued to escalate in the Middle East.The rig count, an early indicator of future output, fell by 3 to 802, General Electric Co’s Baker Hughes energy services unit said on Friday.