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Oil Declines as Saudi Output Restoration Calms Market Fears

  • About 40% of oil processing restored at site of aerial attack
  • Futures remain elevated from pre-attack level on risk concern
Smoke billows from an Aramco oil facility in Abqaiq on Sept. 14.
Smoke billows from an Aramco oil facility in Abqaiq on Sept. 14.

Photographer: AFP via Getty Images

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Oil sank from a 3 1/2-month high amid signs Saudi Arabia is restoring production after a debilitating weekend attack on key installations.