European Investor
18 Sep 2026, 09:45
Brent Crude Falls Below $100 as Saudi Supply Concerns Ease
Brent crude futures fell 1.37% to around $98.56 a barrel Friday morning, extending a multi-session decline as fears of an immediate Saudi supply disruption continued to fade.
Oil prices had surged earlier in the week after attacks damaged Saudi Arabia’s East-West pipeline and disrupted loadings from the Yanbu export hub. Since then, Saudi Arabia has begun restoring pipeline capacity and increasing crude movements through alternative routes, including Oman, reducing some of the geopolitical risk premium that had pushed Brent toward $110. (Reuters)
Geopolitical risks remain significant in Middle East and Ukraine, however. That means oil prices could remain volatile even as immediate supply fears ease.
Brent crude futures fell 1.37% to around $98.56 a barrel Friday morning, extending a multi-session decline as fears of an immediate Saudi supply disruption continued to fade.
Oil prices had surged earlier in the week after attacks damaged Saudi Arabia’s East-West pipeline and disrupted loadings from the Yanbu export hub. Since then, Saudi Arabia has begun restoring pipeline capacity and increasing crude movements through alternative routes, including Oman, reducing some of the geopolitical risk premium that had pushed Brent toward $110. (Reuters)
Geopolitical risks remain significant in Middle East and Ukraine, however. That means oil prices could remain volatile even as immediate supply fears ease.
