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Brent crude futures climbed 39 cents, or 0.5%, to $85.82 a
barrel at 0759 GMT. U.S. crude futures gained 40 cents, or 0.5%,
to $81.03 per barrel.
Both benchmarks fell less than 1% last week versus the previous
week. A stronger U.S. dollar, which rose about 1% over the last
week, has kept a lid on prices.
"Escalating geopolitical tension, coupled with a rise in attacks
on energy facilities in Russia and Ukraine, alongside receding
ceasefire hopes in the Middle East, raised concern over global
oil supply," said Hiroyuki Kikukawa, president of NS Trading, a
unit of Nissan Securities.
Meanwhile, the U.S. oil rig count fell by one to 509 last week,
showed data from energy services firm Baker Hughes, indicating
lower future supply.
Moscow launched 57 missiles and drones in the attack that also
targeted the capital Kyiv, two days after the largest aerial
bombardment of Ukraine's energy system in more than two years of
full-scale war, Kyiv said.
The move followed Ukraine's recent attacks on Russian oil
infrastructure, with at least seven refineries targeted by
drones just this month.
"Disruptions to oil refineries in Russia have added pressure on
fuel markets, leading to rising demand for available crude oil
cargoes," analysts at ANZ Research said, adding that about 12%
of Russia's total oil processing capacity was impacted.
Indian refineries refusing to take Russian crude carried on PJSC
Sovcomflot tankers due to U.S. sanctions was also adding to
global market tightness, ANZ said.
In the Middle East, Israeli forces besieged two more Gaza
hospitals on Sunday, pinning down medical teams under heavy
gunfire, the Palestinian Red Crescent said. Israel said it had
captured 480 militants in continued clashes at Gaza's main Al
Shifa hospital.
U.S. Secretary of State Antony Blinken told Israeli Prime
Minister Benjamin Netanyahu on Friday that Israel risked global
isolation if it attacks the Palestinian city of Rafah in the
Gaza Strip.
Elsewhere in the Middle East, U.S. forces engaged six Houthi
unmanned aerial vehicles over the southern Red Sea after the
group launched four anti-ship ballistic missiles toward a
Chinese-owned oil tanker, U.S. Central Command said on Saturday.
(Reporting by Yuka Obayashi in Tokyo and Sudarshan Varadhan in
Singapore; Editing by Christopher Cushing, Jamie Freed and David
Evans)
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