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.