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Oil climbs as Saudi pipeline outage, fresh attacks heighten supply concerns
Source: The Globe and Mail
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain
Oil prices rose nearly 2% after attacks on Saudi Arabian energy infrastructure took the kingdom's East-West pipeline offline. The outage heightened concerns over supply disruptions and undermined confidence that shipping risks in the Gulf can be eased, creating potential upward pressure on global crude prices.
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