U.S. crude oil rises back above $104 as market awaits updates on Saudi pipeline outage
Iran-backed Houthi militants in Yemen, meanwhile, carried out renewed strikes on Saudi Arabia this week.
Brief by WorldPing · Original reporting by CNBC World
WorldPingExperts tell BBC Verify the pipeline's closure could cut oil supplies by as much as 3.6 million barrels per day.
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U.S. crude oil rises back above $104 as market awaits updates on Saudi pipeline outage
The original report was published by BBC News. WorldPing does not claim that reporting — this page summarises and contextualises it.
Read the full report at BBC NewsIran-backed Houthi militants in Yemen, meanwhile, carried out renewed strikes on Saudi Arabia this week.
Brief by WorldPing · Original reporting by CNBC World
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Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.
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