Crude jumps 3% as Saudi pipeline shutdown raises supply fears

Crude Oil NYMEX:CL1! opened nearly 3% higher at $103/bbl on Monday after jumping 9.3% last week to $99.90/bbl, as drone attacks forced Saudi Arabia to shut its East-West pipeline, raising fresh concerns over global supply.The pipeline can carry about 4M barrels/day to the Red Sea port of Yanbu, pro…