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Saudi Arabia Shuts Pipeline
- Saudi Arabia shut the 7-million-barrel-per-day East-West pipeline after drone attacks on September 10.
- Reuters said the shutdown could cut up to 4 % of global oil supply.
- Brent rose to $107.87 per barrel and WTI to $102.87 per barrel.
- Yanbu storage holds enough crude for only five to seven days of export shipments.
- Repair estimates range from five to six weeks.
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