Partially offsetting Friday’s pullback, crude oil prices have soared on Monday after Saudi Arabia confirmed closing its East-West pipeline following attacks by Houthi militants.
Further, the postponement of the scheduled talks between the Gulf Cooperation Council members and Iran diminished expectations of the reopening of the Strait of Hormuz.
WTI Crude Oil for October delivery was last seen trading up by $1.52 (or 1.52%) at $101.57 per barrel.
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Market Analysis
Crude Oil Surges Amid Mounting Middle East Supply Disruption Concerns
2026-09-14 18:44:37
