Over the weekend US President Trump threatened action on Saudi Arabia:
Saudi statement of possible measures (in summary):
- 30 potential counter measures
- would hit the US economy much harder than Saudi Arabia's
- Saudi Arabia's to not produce its expected quota of oil … do not rule out $100 a barrel or more
- stop buying weapons from the US
- curtail investment in the US
via press reports - Al Arabiya
Oil prices should find support into the new day on news like this.