Oil falls as Saudi Arabia to restore half of damaged pipeline capacity within days

Oil prices declined, with WTI dropping below $100, as expectations grew that Saudi Arabia will restore about half of the capacity of its East-West pipeline, damaged by an attack this week, within a few days. The market is pricing in a quicker-than-expected recovery of supply, easing immediate supply concerns. The attack itself highlights infrastructure vulnerability, but the rapid restoration outlook is the key driver of the price move.