WTI crude futures have dropped over 3% as concerns about supply disruptions in the Middle East have eased. This follows reports that Saudi Arabia is offering additional crude oil cargoes to Asian refiners through ship-to-ship transfers off the coast of Oman. This alternative export route is mitigating the impact of recent attacks on Saudi Arabia's East-West pipeline, which had previously caused a surge in prices. The decline in prices is an extension of losses from the previous session, though prices remain elevated above $100 per barrel due to the ongoing geopolitical tensions in the region.