Oil drops amid Saudi supply worries
Oil prices declined on Wednesday trading after an unexpected increase in U.S. crude inventories, which rose by 7.1 million barrels over the week, compared to an expected decrease of around 1.6 million barrels. The price of West Texas Intermediate (WTI) crude dropped to $104.67, while Brent crude fell to $108.10 per barrel, amid concerns about the impact of Saudi Arabia suspending oil shipments at the Yanbu port following an attack on its pipeline, which led to reduced supplies to Europe.
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