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Crude prices jumped more than 1% after Yemeni separatists carried out a drone attack on a Saudi Arabian oil facility during the weekend. Brent crude climbed 78 cents to $59.42 a barrel, while US crude gained 64 cents to trade at $55.51 per barrel, reported Reuters.

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Global oil prices dropped due to weaker demand outlook and a surprise increase in the US crude inventories. Brent crude futures slipped $1.69 to $60.60 a barrel, while US West Texas Intermediate crude futures were down $1.56 to trade at $51.71 per barrel, reported Reuters.

Oil prices have increased after a massive fire damaged Philadelphia Energy Solutions' major refinery on the US East Coast. Front-month Brent crude futures rose 84 cents at $65.89 per barrel, while US West Texas Intermediate (WTI) crude futures edged up $1.08 at $58.91 per barrel, Reuters reported.

Oil prices have slightly edged higher on China's factory data but are on track for a weekly loss.Brent crude futures were down $0.27 at $59.89 a barrel, while US West Texas Intermediate (WTI) crude futures were down $0.32 at $54.50 per barrel, reported Reuters.