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*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following    1.9M Followers
SAUDI OIL PIPELINE COULD RESTART WITHIN DAYS Saudi Arabia’s critical East-West Pipeline could resume crude flows within days, according to U.S. Energy Secretary Chris Wright. The pipeline had been moving 4–5 million barrels per day, roughly 4–5% of global supply, before attacks forced its shutdown. Market angle: a rapid restart could ease supply fears and remove some of the geopolitical risk premium supporting oil prices.
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