Oil pares losses as market weighs Saudi supply concerns, Middle East tensions

Published September 18, 2026

Oil prices have pared earlier losses as markets assess Saudi supply alongside concerns about a widening Middle East conflict, Reuters reports.

Brent crude futures have fallen by 33 cents, or 0.31 per cent, to $104.49 a barrel as of 1411 GMT (7:11pm PKT). US West Texas Intermediate futures have gained 88 cents, or 0.86pc, to $102.79.

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