Oil extends losses as Saudi supply hopes keep pressure on prices
Brent is around $102 a barrel as traders look to Saudi Arabia restoring export capacity, including work to restore its damaged East-West pipeline.
Oil prices extended losses from the previous session, with Brent crude around $102 a barrel as efforts continue to restore Saudi export capacity. Soojin Kim, analyst at MUFG, said supply concerns have eased as Saudi Arabia works to restore its damaged East-West pipeline. Kim added that the recent decline in spot...