UPDATE 5-Oil gains after cyberattack forces shutdown of U.S. fuel pipelines

* U.S. government working to aid Colonial after cyberattack
* Colonial says main fuel lines shut, some smaller lines
restart
* Map of Colonial Pipeline system: https://tmsnrt.rs/33upZXs

(Updates prices, adds quote)
By Alex Lawler
LONDON, May 10 (Reuters) - Oil rose on Monday after a
cyberattack forced the shutdown of major fuel pipelines in the
United States and raised concerns about supply disruption,
outweighing rising coronavirus cases in Asia.
Colonial Pipeline said on Sunday its main fuel lines
remained offline after the attack that shut the system on
Friday, but some smaller lines between terminals and delivery
points were now operational. "The bullish developments in the U.S. are hiding a worrying
COVID-19 trend in Asia," said Louise Dickson, analyst at Rystad
Energy.
Brent crude LCOc1 was up by 69 cents, or 1%, at $68.97 a
barrel by 1137 GMT. U.S. West Texas Intermediate (WTI) crude
CLc1> rose by 61 cents, or 0.9%, to $65.51. Both benchmarks rose
more than 1% last week, their second consecutive weekly gain.
"If the pipelines were to remain out of action for any
length of time, this would have far-reaching effects on the oil
market not only in the U.S., but also in Europe," said
Commerzbank analyst Carsten Fritsch.
"That said, it is currently assumed that the disruption to
the pipelines will be resolved in a matter of days, so the
impact should be limited."
The White House was working closely with Colonial to help it
to recover. Commerce Secretary Gina Raimondo said the pipeline
fix was a top priority for the Biden administration.
Brent crude has risen over 30% this year due to supply cuts
by the Organization of the Petroleum Exporting Countries and
allies, known as OPEC+, and easing coronavirus movement
restrictions in the United States and Europe.
But the worsening pandemic developments in Asia have
weighed. Indian coronavirus infections and deaths held close to
record daily highs on Monday. While some analysts have said oil demand may never reach
pre-pandemic levels, Goldman Sachs said it expected this by the
end of the year and predicted Brent would hit $80 and WTI $77
within six months.

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Colonial Pipeline system map https://tmsnrt.rs/33upZXs
CHART: U.S. oil may rise to $66.52 Brent oil may retest resistance at $69.87 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>