Reuters: Oil falls below $64 on Saudi oil restart prospects, economy concerns

LONDON (Reuters) – Oil fell below $64 a barrel on Monday, reversing an earlier gain, pressured by the prospect of a faster-than-expected full restart of Saudi Arabian oil output and by fresh signs of European economic weakness.

A source, briefed on the latest developments in the Sept. 14 attack on Saudi oil facilities, said Saudi Arabia has restored around 75% of crude output lost.

Oil was up earlier in the session, supported by scepticism over how fast output would come back.

Global benchmark Brent crude fell 30 cents to $63.98 a barrel at 1045 GMT, having earlier risen as high as $65.50. U.S. West Texas Intermediate CLc1 was down 38 cents to $57.71.
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