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News 2026-09-16 23:27 UTC

Oil Extends Decline as Supply Concerns Ease

Crude oil fell to around $102 per barrel on Thursday, extending losses for a second consecutive session following reports that Saudi Arabia plans to restore roughly half the capacity of its East-West pipeline within days and bring it back to full operation within six weeks. The key pipeline, which provides an alternati

News 2026-06-24 05:17 UTC

Oil Extends Decline

Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased and Trump accused oil firms of 'gouging' consumers