Oil Futures Fall Amid Easing Supply Concerns Despite Red Sea Tensions

For three consecutive days, oil futures have drifted lower even as Saudi Arabia's pipeline infrastructure absorbs real damage and Houthi forces press toward the kingdom's oil-rich east — a reminder that markets do not always move in the direction of danger, but in the direction of what traders believe danger will ultimately become. The decline is less a verdict on safety than a wager on containment, a collective bet that crude will keep flowing despite the fires burning near its source. History suggests such wagers are sometimes right, and sometimes the last calm before a much sharper reckonin