Crude oil prices were up early Wednesday as Saudi Arabia is struggling to meet demand for its customers in the aftermath of drone attack that knocked out more than half of the kingdom's supply.
International benchmark Brent crude was trading at $62.62 per barrel at 0555 GMT for a 0.45% increase after closing Tuesday at $62.34 a barrel.
American benchmark West Texas Intermediate was at $56.97 a barrel at the same time for a 0.28% gain after ending the previous session at $56.81 per barrel.
Saudi Arabia, the world's largest crude exporter, saw its output cut off by 5.7 million barrels per day when drones attacked two of its major oil facilities on Sept. 14.
Although Riyadh said it expects that most of that output will be restored in a matter of weeks, experts concede that it could take months before the lost capacity is fully restored.
Recent global media outlets have reported that the kingdom is struggling to meet the demand of Asian customers from its refineries.
By Ovunc Kutlu