Brent Crude Above $101: Iran Strike Fears, Gulf Output Cuts Push Oil Higher

Oil pumped through Saudi Arabia's East-West pipeline had reached 5. 8 million barrels as of Tuesday morning, according to Saudi Energy Minister Prince Abdulaziz bin Salman. The pipeline had been closed in early September after sustaining damage in a drone attack. The reopening of the pipeline is expected to help maintain the country’s oil supply and support global markets.

Oil pumped through Saudi Arabia's East-West pipeline had reached 5.8 million barrels as of Tuesday morning, according to Saudi Energy Minister Prince Abdulaziz bin Salman. The pipeline had been closed in early September after sustaining damage in a drone attack.

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