Oil Prices Fall Third Day, Brent Below $104 On Saudi Pipeline Move

Brent crude oil prices declined for a third consecutive session, slipping below $104 a barrel after Saudi Arabia moved to restore a key pipeline. West Texas Intermediate crude traded near $101 a barrel. The decline follows a drop of more than 3% over the previous two sessions. Lower oil prices are significant for India as they help reduce import costs and ease inflationary pressures.