Oil up on expectation of Saudi production restraint, lower U.S. rig count
October 08, 2017 at 20:40 PM EDT
SINGAPORE (Reuters) - Oil prices edged up on Monday, halting a 2 percent slide from Friday, on expectations that Saudi Arabia would continue to restrain its output in order to support prices, and as the amount of rigs drilling for new oil in the United States dipped.
