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Oil Climbs as Saudi East-West Pipeline Remains Offline
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarTransportation & Logistics
Oil rose for a second consecutive day as Saudi Arabia's East-West pipeline remained offline following attacks. The conduit provides an alternative route to Strait of Hormuz shipments, and Saudi Aramco has not provided a restart timeline. The prolonged outage raises supply-disruption risk for global crude markets.
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