World · 17 September 2026
Crude oil prices fall back below 104 dollars as Saudi supply fears ease
Photo by Zbynek Burival on Unsplash
Both major contracts fell on Thursday after reports that Riyadh is offering extra crude cargoes through Oman to offset disrupted exports. Prices remain elevated above 100 dollars due to lingering concerns over the wider Middle East conflict. Nissan Securities Investment noted that easing tensions ahead of a US-China summit also helped cap gains.
Reported by Reuters · How we write briefs