Oil rises after Saudi Arabia shut down pipeline that bypasses Hormuz
Crude oil prices popped on Sunday after Saudi Arabia closed its critical pipeline that bypasses the Strait of Hormuz. U.S. West Texas Intermediate futures were up 2.89% to $102.94 per barrel by 12:27 a.m. ET. Brent crude, the international benchmark, traded 2.82% higher to $107.56 per barrel. Drones launched from Iraq damaged the East-West pipeline…
