WTI drops 2.37% to $93.51 on fifth straight decline amid Saudi supply restoration expectations

WTI crude fell 2.37% to $93.51 per barrel, marking a fifth consecutive session of declines, driven by market expectations of a swift resumption of Saudi oil supply. The price drop reflects easing supply concerns, though the exact timeline and volume of Saudi restoration remain uncertain. This signals a potential shift in the oil market's supply-demand balance, with implications for global inflation and energy prices.