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Oil prices declined as Saudi Arabia resumed crude exports via the East-West pipeline, easing concerns over supply disruptions amid the US-Israeli war on Iran.
Investing.com -- Goldman Sachs analyst Yulia Zhestkova Grigsby assessed, in a note Wednesday, why Persian Gulf oil exports have returned to last year’s levels, yet crude prices remain elevated because of a large risk premium.
Saudi Arabia resumes oil loadings at Yanbu as Middle East exports recover, while US crude falls 3.5% and Washington weighs steps to ease diesel prices