What's moving the oil markets?

What's moving the oil markets?

Some of the support has come from the ongoing battles occurring in the eastern Saudi Arabian oil city of Damman, a trader said. The fighting has occurred the past three days between security forces and militants in a busy street where many Western firms have offices. "It might be causing a little bit of support," a trader said. "Otherwise we're waiting for some fresh news to move the market one way or the other."