Oil Prices Dip as Saudi Pipeline Hopes Emerge

Crude oil futures eased further on Thursday due to hopes that losses from the Saudi pipeline attack would not be as severe as initially feared.

The attack, which occurred earlier this week, had sent shockwaves through the global energy market, causing prices to surge.

However, with news emerging of a partial restart eyed for the affected pipeline, market participants are reassessing their expectations and adjusting their positions accordingly.