Oil Holds Drop as Saudi Arabia Seeks to Restore Pipeline

Oil held a drop on signs that supply disruptions in the Middle East are set to ease, with Saudi Arabia seeking to restore capacity of its damaged East-West pipeline. Global fuel markets have been squeezed by the combined impact of the US-Iran conflict and the war between Russia and Ukraine, with Kyiv pummeling Moscow’s refineries. Bloomberg's Will Kennedy breaks down the situation. (Source: Bloomberg)

Read it at Bloomberg Markets ↗

← Front page