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وكالة صدى نيوز
Oil drops on US inventory rise
The article discusses the decline in oil prices following expectations of rising U.S. crude inventories, amid Saudi Arabia's disruption of the East-West pipeline due to attacks in the Red Sea, which increased risks of a global supply slowdown. Brent crude contracts fell by 0.86% to $107.82 per barrel, and West Texas Intermediate by 0.92% to $104.86, after data showed U.S. oil inventories increased by 7.1 million barrels last week—an unexpected rise. Experts anticipate that the pipeline restart operations will occur in the coming days, as reliance on oil exports from the eastern coast grows. Meanwhile, Saudi exports have significantly increased, with expectations of greater dependence on the Strait of Hormuz.
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