Oil prices tumbled on Friday and headed for a weekly loss on signs of recovering Middle East supplies to prewar levels.
Gulf exports showed signs of stabilization after Saudi Arabia restarted operations on its key East-West Pipeline and resumed tanker loadings from the Red Sea port of Yanbu following an 11-day shutdown caused by a drone attack on September 11,2026.
Brent crude futures fell 3.3 percent to $98.97 a barrel after gaining for two consecutive sessions on fears that global fuel shortages could worsen. WTI crude futures were down 4.1 percent at $89.06 a barrel.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Oil Prices Headed For Weekly Loss As Supply Fears Ease
2026-10-02 09:38:59
