WTI crude oil futures have fallen sharply as immediate concerns over a significant supply disruption from Saudi Arabia have eased. Earlier in the week, prices had surged following an attack on a critical Saudi pipeline. However, reports of progress on repairs and Saudi Arabia's implementation of alternative export routes, such as ship-to-ship transfers, have calmed market anxieties about a prolonged outage. This has led to a three-day decline in oil prices, pulling them back from recent highs.