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Market Impact: 0.65
Oil prices rise as Saudi pipeline outage, fresh attacks raise supply concerns
Source: reuters.com
Energy Markets & PricesGeopolitics & WarTransportation & Logistics
Oil prices rose Tuesday after attacks on Saudi Arabian energy infrastructure took the kingdom's East-West pipeline offline. The disruption heightened supply-risk concerns and undermined confidence that shipping risks in the Gulf can be eased, supporting crude prices while raising broader energy-market risk.
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