Oil Prices Fall as Brent Futures Hit $105.81 Per Barrel

Oil prices continued to decline as Brent futures fell to $105.81 per barrel and U.S. crude dropped 0.22% to $102.14 per barrel. Concerns over supply disruptions eased after Saudi Arabia reported it would provide additional crude cargoes to Asia through ship-to-ship transfers. U.S. Energy Secretary Chris Wright described the East-West pipeline outage as a 'brief and temporary interruption.' The market remains cautious, as further escalations in the Middle East might lead to increased inflation and bond yields, impacting investors' outlook on the economic landscape.