Brent Crude Falls Below $100/b as Saudi Pipeline Hopes Ease Supply Concerns

Crude oil futures took another hit on Monday, falling for a fourth consecutive session as concerns over supply disruptions eased. The drop in prices comes after expectations grew that Saudi Arabia could soon restore some flows through its damaged East-West Pipeline.

The pipeline, which was damaged by drone strikes earlier this month, is crucial for the country's oil exports. If the pipeline is operational, it would reduce concerns over potential supply shortages and help stabilize global oil markets.