Saudi East-West Pipeline Shutdown Impact Less Than Expected; Oil Ends Week Flat

Oil prices fell for three consecutive sessions, closing the week nearly unchanged as the market assessed the Saudi East-West pipeline shutdown as having a smaller supply impact than initially feared. The pipeline disruption, while notable, is not expected to significantly tighten global crude supply, suggesting the market had overestimated the risk. This development matters because it reduces near-term supply-side risk premium in oil markets.