Barrel falls to fear; cumula weekly rise after attacks on Saudi facilities

Oil prices fell on Friday to renewed concerns about the US-China trade war, but the Brent contract registered its biggest weekly increase since January, following an attack on Saudi Arabia's energy industry over the weekend.

* Brent crude futures fell 12 cents, or 0.19%, to $ 64.28 a barrel, while the US WTI benchmark lost 4 cents, or 0.07%, to $ 58.09 a barrel.

* Prices cut their profits in line with stocks and grain markets after Chinese officials unexpectedly canceled visits to Montana and Nebraska farms to return to their country earlier than originally scheduled.

* However, in the week Brent climbed 6.7%, its biggest weekly advance since January. The WTI, meanwhile, gained 5.9%, its biggest increase since June.

* The oil market skyrocketed almost 20% on Monday in reaction to the attacks of Yemeni Houthis on September 14, which cut Saudi production in half and cut the global supply by about 5%.

* But prices have since reduced those gains to the kingdom's guarantees that it would restore the lost pump by the end of this month.

* Securities in the market, however, maintained a risk premium since geopolitical tensions in the region have escalated with the United States and Saudi Arabia blaming the attacks on Iran. Tehran denies being involved.

* The attacks intensified a long-standing confrontation between Saudi Arabia and Iran, which wage a sometimes violent dispute over influence at several crucial points throughout the Middle East.