Business · 1 hour ago
Oil prices climb despite Saudi pipeline reopening on Tuesday
The resumption of Saudi crude flows through its East-West pipeline remained overshadowed by ongoing uncertainty regarding US-Iran negotiations. On Tuesday, Brent crude approached US$106 a barrel, with investors evaluating how increased oil prices would affect inflation. Following repairs to the pipeline, Saudi Arabia is said to have reinstated oil flows, reaching approximately 3.5 million barrels per day.
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