- September 17, 2026
- Posted by: Tresmark
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Oil prices continued to decline on Thursday as easing concerns over Middle East supply disruptions reduced the risk premium in crude markets.
Brent crude futures fell $1.24, or 1.2%, to $104.59 per barrel, while U.S. West Texas Intermediate (WTI) declined $1.14, or 1.1%, to $101.29 by 0049 GMT. Both benchmarks dropped around $3 a barrel in the previous session.
The decline followed reports that Saudi Arabia was offering additional crude cargoes through Oman, helping ease concerns about disruptions to regional oil supplies. Saudi Arabia has also suspended loading operations at Yanbu.
Meanwhile, U.S. crude inventories fell last week, although the decline was smaller than market expectations, limiting support for oil prices.
The latest move suggests that supply concerns linked to the Middle East remain a key driver of crude price volatility, with any improvement in supply availability putting downward pressure on prices.
