Crude prices fell about 1% as traders judged that disruptions to Middle East energy flows would be limited, even as the shutdown of Saudi Arabia’s East-West pipeline renewed scrutiny of global supply buffers.
Crude prices fell about 1% as traders judged that disruptions to Middle East energy flows would be limited, even as the shutdown of Saudi Arabia’s East-West pipeline renewed scrutiny of global supply buffers.
Traders call it contained. Then one tanker burns, and we’re rationing petrol while ministers wring their hands and blame the weather.