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Oil declines in early Asian trade, with WTI down 0.5% at $99.76 and Brent 0.3% lower at $103.54, as concerns over extended supply disruptions from Saudi Arabia ease.
ANZ Research analysts noted that initial concerns over extended disruptions to pipeline flows from Saudi Arabia are easing. Saudi Arabia expects its East-West pipeline to return to about half its capacity within days after a drone attack. However, the market remains focused on the longer-term fallout from Houthi militant group attacks on the country's energy infrastructure.
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