OIL JUMPS AS SAUDI CANCELS EUROPEAN CARGOES Oil prices surged after Saudi Arabia reportedly cancelled September crude cargoes to some European refiners following damage to its East-West pipeline. Additional supply pressure comes from Libyan oil-field outages and maintenance in Kazakhstan. Brent jumped 1.6% to $107.39, while WTI surged 2.1% to $103.51. Market angle: tightening physical supply is overpowering diplomatic optimism.(彭博社)