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After reports that the Saudi East-West Pipeline had resumed exports, both US and Brent crude oil prices fell in the short term by nearly 0.8 USD。
Both US and Brent crude oil prices fell in the short term; reports say Saudi Arabia’s East-West Pipeline has resumed oil exports
BlockBeats reported that,September 28, according to Bitget market data, both US and Brent crude oil prices fell nearly 0.8 USD, currently at 94.21 USD/barrel and 100.34 USD/barrel.
According to market reports, Saudi Arabia’s East-West Pipeline has resumed oil exports.
Original link https://m.theblockbeats.info/flash/369373
BlockBeats reported that,September 28 both US and Brent crude oil prices fell in the short term by nearly 0.8 USD。
US crude oil is currently at 94.21 USD/barrel, while Brent crude oil is currently at 100.34 USD/barrel.
Reports say Saudi Arabia’s East-West Pipeline has resumed oil exports.
The following is analysis, separate from reported facts. Verify important claims independently.
Market reports said that Saudi Arabia’s East-West Pipeline had resumed oil exports, which may have led some traders to expect reduced oil supply pressure, causing US and Brent crude oil prices to fall in the short term.
Changes in oil exports may affect the market’s assessment of supply conditions and trigger short-term fluctuations in oil prices.
This shows that energy supply news can quickly affect oil prices, but a single report does not mean that a trend has been established.
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