Crude Oil spikes on a shut Saudi pipeline and unwinds on Trump's posts
West Texas Intermediate (WTI) trades near $98.00, about 1.4% higher on the day. It was more than 4% higher shortly after 12:30 GMT and had given nearly all of that back by 19:00. The gain priced a Saudi pipeline that was shut on Friday and photographed from orbit on Sunday with a burnt-out pumping station. The loss priced four posts on Truth Social between 15:05 and 16:31 GMT. The last of them said the price will drop like a rock once the war is over. The next half hour supplied the drop. The worlds largest exporter has run out of doors Saudi Crude Oil leaves the country three ways, and all three had a bad week. Tankers can sail out through the Strait of Hormuz, where Iran now requires permission. Four vessels exited that way over the weekend, against about 100 a day before the war began on February 28. Or the barrels cross the peninsula in the East-West pipeline, 7 million barrels a day of capacity, to Yanbu on the Red Sea. From Yanbu they sail south to Asia through Bab el-Mandeb or north to Europe through Suez. The Houthis took the port of Mokha and Perim Island, in the middle of









