Oil drops amid Saudi doubts
Oil prices fell today, Wednesday, despite an unexpected increase in U.S. crude inventories last week, which rose by 7.1 million barrels compared to an expected decrease of 1.6 million barrels. This came after oil loading operations at the Saudi Yanbu port were halted following an attack on the East-West pipeline, raising market concerns about supplies, even though the prices of US West Texas Intermediate (WTI) futures declined to $104.67 per barrel and Brent to $108.10 per barrel.
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