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Oil
Prices Slip as Middle East Crude Exports Rise
Singapore,
5 Oct 2026 (ONA) — Oil prices fell today after rising crude exports from the
Middle East and drawdowns from oil stockpiles in the Group of Seven (G7) nations
added to supplies, offsetting fears of further damage to oil infrastructure
amid the war in the Middle East.
Brent
crude futures retreated 66 cents, equivalent to 0.65 percent, to $101.59 per
barrel, while US West Texas Intermediate crude stood at $90.12 per barrel, down
95 cents, or 1.03 percent.
Brent
surrendered most of its gains from last week, while West Texas Intermediate
declined 1.6 percent after the G7 nations agreed last Friday to draw 100
million barrels of diesel and crude from emergency reserves and pledged to
refrain from imposing restrictions on energy exports.
—
Ends/Khalid
