PANDIT JI CRUDE OIL NEWS FORECAST::

Oil prices climb amid Saudi tensions, but demand outlook drags::

 

© Reuters. FILE PHOTO - A Chinese man works at a pump jack in PetroChina's Daqing oil field in China's northeastern Heilongj..

Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices.

Crude markets were also supported in the wake of data that showed South Korea did not import any oil from Iran in September for the first time in six years, before U.S. sanctions against the Middle Eastern country take effect in November.

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