Oil Falls 3.4% to $100.34 on Saudi Restart, Diplomacy Hopes

Oil settled at $100.34 a barrel, down $3.53 or 3.4%, Reuters reported, as Saudi crude flows increased after the East-West pipeline restart and traders priced hopes for U.S.-Iran diplomacy. Lower crude eases petrol and transport costs if sustained, but that relief reverses fast if flows falter or talks stall.