Saudi Pipeline Reopens Amid Oil Price Stability
Saudi Arabia's flagship oil company, Saudi Aramco, has resumed operations on its East-West Pipeline after repairs were completed. The pipeline was damaged in drone strikes earlier this month.
The drones, which originated from an Iraqi province, had caused a significant disruption to oil production and exports.
Crude oil prices hovered near $106.72 per barrel for Brent and $92.11 per barrel for West Texas Intermediate as the pipeline reopened.